PLNJPY - Polish Zloty / Japanese Yen
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The PLN/JPY currency combination is heavily influenced by two world major countries: Japan and Poland. The low trading volume of this pair makes it more prone to volatility and unpredictability than the most traded combinations, yet it can still make an ideal middling risk investment for those who are looking to expand the trading portfolio. The divergent financial policies of these two nations mean that the correlation between them is often hard to predict, yet the high risk attached to the pairing means that it can deliver substantial rewards in the hands of an experienced investor.
With PLN/JPY, traders can use slow Stochastics and support-resistance levels, which determine entry and exit points. The Polish currency is not widespread on Forex, and its activity is mainly observed during the European session. This is mainly due to the conduct of trade operations in Poland at the local exchange.
If you follow the rules of money management and have a minimum deposit of several hundred dollars, you can trade this pair on H4 timeframes.
If you are interested in trading the PLN/JPY currency pair, contact FxPro today and open trading account in several minutes.