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Pepperstone introduces ZARJPY pair

Pepperstone UUIIFXBR
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Pepperstone is announcing the release of the new currency-cross pair: ZARJPY

This addition gives Pepperstone traders direct access to this highly sought after cross from the interbank market.

The combination of the South African Rand (ZAR) and the Japanese Yen (JPY) is attractive to traders due to its swap benefits and the ability to “carry trade”.

Carry trading is a strategy of buying a high interest bearing currencies against another where the interest rate is very low, this way the trader earns interest through swap payments each roll-over.

Due to the South African Central bank’s official cash rate of 5.75% versus that of the Bank of Japan’s cash rate of 0.25%, traders using the carry trade strategy can look to this pair as a possible addition to their portfolio.

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