Re: [Lingo] FX

[CL <az.4tlug@example.com>]

On 01/22/2012 09:56 AM, s smith wrote:
> 皆さん
>
> I recently started poking around livedoor.jp and encountered ads for
> 'FX'. Here is an example <http://fxleaf.realblend.net/ranking/>.  As
> nearly as I can understand, this is 'foreign exchange' but I'm surprised
> to find this much interest in foreign exchange.  What am I not
> understanding?  Is it common for people there to use the foreign
> exchange market this much?
>
> Also I'm seeing the character '銭' on the page a lot.  It's 1/100 of a
> yen so it makes sense that it's used like % and I'm assuming it's
> pronounced せん and not ぜん.  I haven't noticed it on other financial
> pages before but may have missed it.  Is this also a generic term for
> interest in Japan?
>
> Thanks for your help.

FX may not be the most highly popular way to lose money today, but it 
has grown considerably over the past decade with the deregulation of 
trading and the elimination of the need to buy a trading license in 
order to post trading.  Also coincides with the rise of day trading.

The character 銭　is used to denote any fractional part of a yen and is 
most common in commodities and currency trading where margins per unit 
can be razor thin but the difference is made up on the number of units 
purchased.  It's use is usually accompanied by the notation that 
Japanese financial rounding is employed (up or down at 3 or 7 [never 5 
in Japanese GAAP] depending on who is logging the loss or gain: log to 
buyer's account or seller's).

HTH

--
CL