Japanese Forex broker YJFX, a subsidiary of Yahoo Japan Corporation (TYO:4689), today unveiled its plans to enlarge the menu of binary options instruments it offers to its clients.
So far, the company has offered Ladder options, but from September 28, 2015, plans to add Range binary options to the lineup. This is a significant step for the broker, which has been offering OTC binary options trading services since September 2013 and says the service has markedly grown since then.
The options will have eight currency pairs as their underlying assets:
EUR/USD, GBP/USD, AUD/USD;
USD/JPY, EUR/JPY, AUD/JPY, GBP/JPY, NZD/JPY.
When trading Range options, traders have to forecast correctly whether at a specified moment in time (expiration) a given instrument will trade within a range or outside of this range. These options are considered an alternative to the “traditional” options when one forecasts the behavior of an asset regarding a specific price target.
This is how Range binary options look on YJFX’s platform.
To view the official press release, click here.