Dislikeddid anyone else have a huge roll over charge today ? it was on Usd/jpy, this has to be some kind of error on my account i had months worth of rollover charges for a position held 1 day. just seen an article. the fiscal year ended today in japan the normal .1 rate is/was 2.45% and fxcm wednesday x3. great i love paying 75 times the normal rate on a position for a day.Ignored
I'm not sure if this DailyFX article is the one you read. In it, currency strategist Ilya Spivak explains what's happening with JPY rollover interest rates:
"In an environment so skewed that overnight rates jump from -0.1 to -2.45 percent in a single day, money-market spreads will widen and obtaining credit to roll over (i.e. refinance) a Yen position is going to prove costly. This means most JPY-exposed traders are in for some near-term pain."