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Japanese broker Rakuten Securities to cut USD/JPY spread
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), ... (full story)