Japanese broker Rakuten Securities to cut USD/JPY spread

Maria Nikolova

The USD/JPY spread will be reduced from 0.3 to 0.2 sen, effective November 25, 2019.

Rakuten Securities, a subsidiary of Rakuten Inc (TYO:4755), today announces that it will reduce the spread on USD/JPY trades, effective November 25, 2019. The spread will be cut from 0.3 sen to 0.2 sen (one sen equals one hundredth of a yen).

The company has implemented a USD/JPY spread reduction campaign which is poised to conclude on November 23, 2019. In order to respond to customers’ requests, Rakuten has decided to cut the spreads after the campaign’s end.

Let’s note that the spread is not fixed and may widen around market open/close and due to major market events, such as force majors (like earthquakes), or political changes and important economic developments.

About a month ago, Japanese retail FX broker Monex Inc, a part of Monex Group, Inc. (TYO:8698), cut the spread on USD/JPY trading in its “FX Plus” service from 0.3 sen to 0.2 sen. Monex said the change was made in order to provide the customers with a better trading environment.

Shortly before that, another Japanese retail Forex broker – DMM FX, also announced reduction to the spread for USD/JPY. The broker said the spread is reduced from 0.3 sen to 0.2 sen.

Japanese brokerages have been trying to enhance trading conditions. In July this year, Rakuten Securities and Monex Inc, announced lowering of the minimum trading fees for US equities trading to zero.

Read this next

blockdag

Top 5 ICOs that are Likely to Explode in the Current Bull Run 2024

Explore top upcoming ICOs: BlockDAG, GBTC, TUK, SCOTTY, and SPONGE. Learn about their potential high returns and unique features.

blockdag

BlockDAG’s Revolutionary Dev Release 36: Off-Chain PoW and a $30 Projection by 2030

Explore BlockDAG’s latest off-chain PoW innovation and its $32M presale success. Projected to reach $30 by 2030.

blockdag

30,000x ROI Potential: BlockDAG Secures $33.5M in Presale, Outruns Retik Finance’s Bitmart Performance

Uncover how BlockDAG’s impressive $33.5M presale and its innovative platform draw investors away from Retik Finance following the Bitmart listing.

blockdag

IT Professional Switches to Lucrative Crypto Mining Entrepreneur with BlockDAG’s Advanced Mining Technology

Learn how an IT pro turned Litecoin mining into a fortune. See if BlockDAG can match this with advanced mining tech and 30,000X ROI potential.

blockdag

May 2024 Crypto Spotlight: Why Whales Are Choosing BlockDAG Over Retik Finance, Will CoinW & P2B Listing Save $RETIK?

Uncover why BlockDAG is winning over smart investors in May 2024, and surpassing Retik Finance’s performance on exchanges like CoinW and P2B.

blockdag

Ethereum Leads Altcoins Toward a Huge Rally: Expert Top Picks for Altseson Unveiled

A fresh surge in alternative cryptocurrencies is building momentum as Ethereum leads the charge.

Chainwire

BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution

On May 20, 2024, the Bitcoin Layer2 development team BEVM released the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.”

blockdag

AI Cryptos to Pump Hard After NVIDIA’s Q1 Earnings 📊

The recent earnings from a tech giant have hinted at a significant upswing for AI-focused cryptocurrencies.

Retail FX

Weekly Roundup: Republican to end Fed, Bankman-Fried moves to California

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.

<