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Japanese Forex broker Invast Securities Co., Ltd. (TYO:8709) today announces spread reduction that will cover positions in four currency pairs on Tri-Auto FX.
Effective today (at market opening), the spreads on EUR/JPY, GBP/JPY, AUD/JPY and EUR/USD, will be cut.
- For EUR/JPY, the spread is cut from 0.6 sen to 0.5 sen. (Sen is a hundredth of a yen).
- For GBP/JPY, the spread is cut from 1.1 sen to 1.0 sen.
- For AUD/JPY, the spread is cut from 0.7 sen to 0.6 sen.
- For EUR/USD, the spread is reduced from 0.4 pips to 0.3 pips.
Another Japanese Forex broker – GMO Click, has also recently made a move to cut the spreads on several currency pairs for users of its platform FX Neo. GMO Click has cut the spreads on EUR/USD and GBP/USD, with the spread reduction campaign active until March 4, 2016.
You can view the full announcement from Invast on the spread reduction by clicking here.