Why I get negative interest when I long G/J?

My broker is alpari. It seems they change roll over policy very often. Strangely, the rollover of long G/J is -0.63pips, short Eur/Nzd is +6.21.

Could anybody tell me if Japan raised their interest rate recently? Thanks!

I don't see those rates on the Alpari web site I checked.
Which Alpari are you using?
Did you get the information from an Email?

all Alpari are the same.

http://www.alpari.co.uk/en/services/...er-policy.html
http://www.alpari-idc.com/en/service...er-policy.html

I found yesterday (Wednesday) my swap of carry trade G/J is even less. It seems they changed the rollover yesterday. But seems Japan didn't change their interest rate recently.

I asked because of this page.
http://www.alpari-us.com/en/services...er-policy.html
This page does not agree with your UK page. The US page may need to be updated.

EDIT:
12 hours later: The rates on the US Alpari page have been updated.

It's amazing to see such a big difference in rollover policy within a same company. say short EUR/NZD, UK is +6.21pips while US is +1.36pips. GBP/JPY one is positive the other is negative ...

why there is a huge difference in your rollover policy
Alpari UK and Alpari US have totally different rollover policy. Here are some examples,

UK:
GBPJPY-0.630 pips-6.630 pips
EURNZD-8.010 pips+6.210 pips

US:
GBPJPY+1.890 pips-2.900 pips
EURNZD-2.420 pips+1.360 pips

Which is correct? Why is there such a big difference? Thanks!

Everyone please take note: As current market volatility continues, you will most likely see more and more brokers increase spread, and charge LARGE, negative rolls on both long and short positions on many pairs.

Anytime the VIX is above 25-27, you're likely to see banks secure themselves by charging huge prices to enter trades and roll a trade over to the next day... that in turn gets passed down to your liquidity provider, then your broker, and then finally to you.

I just started checking into this again today. I noticed the US page has now been changed to match the others. I guess the US page just needed to be updated.

I have negative rollover rate as well. To be honest, when I signed up with them, they say they reserve the right to change swap and margin ratio. I don't think they would actually use it. Now I know that they will use these tools to make it harder to make profit. I have another account with ODL as well and they haven't changed the rollover. Thus comparing the two together, I will close my accounts with them when possible as I am afraid they might use the trick to increase margin ratio to force clients into closure due to insufficient fund.
It is a shame as a part from this issue, they have been fine but I guess this is the way they want to play

my two cents
Regards

Check out this article.

http://www.dailyfx.com/story/tophead...742363994.html

Due to the current turmoil on global financial markets and the extreme lack of liquidity between banks, it is necessary for us to amend our overnight Swap rates in line with our Prime Broker and all other market participants.

Most importantly, we do cover our exposure on the interbank market and we only mirror our Prime Broker swap rates. Accordingly Alpari (UK) Ltd. does not benefit from swap rate amendments.

In many cases the spreads between long and short positions have widened significantly so we are advising all clients to double check swap charges before running overnight positions. We hope that the current market turbulence will be temporary so that we can bring overnight rates back to normal as soon as possible. Swaps rates will be amended on a daily basis and improved as soon as market conditions allow.

The most recent Swap fees can be accessed here:
http://www.alpari.co.uk/en/services/...er-policy.html

We informed our customers about current market situation in the "Company News" section of the website: http://www.alpari.co.uk/en/company-news/225.html

Any problems or questions, please feel free to contact our Customer Support team via [email protected] or by phone on +44 (0)207 648 4560.

Customer Support Department
Alpari (UK) Ltd
[email protected]

Interesting....

My broker hasn't changed it at all.

Some brokers follow interbank rates more closely than others.