The system boosts your income on its own by competing, how grateful ～ And why doesn’t it settle even though it’s the same spread?

Last time, OANDA Japan Fixed swap for MXN/JPY at 12 yen.
...I wrote that, but for some reason the swap points were changed

Normally in such cases, it would be a downgrade, but this time they raised the swap amount on their own

From July 18, Swap Point Fixed Campaign for Mexican Peso/Yen

We are currently running a limited-time campaign to fix swap points for MXN/JPY, and starting Tuesday, July 18, we will increase the fixed swap receipt amount from 12 yen to a fixed 14 yen.
Related page →Here

There are few brokers dealing in Mexican pesos, and even at 12 yen it’s probably the best in the industry, so I wonder why they raised it by 2 yen?

...As I was wondering and researching, Money Partners started handling MXN/JPY as of Monday, July 17. I knew they had started TRY/JPY, but offering such a minor peso is surprising…


And it seems that they have effectively fixed it at 13 yen
 
From July 17, MXNJPY trading starts with a buying rate of 13 yen
(This image was copied from Money Partners after logging in)

※ By the way, Money Partners has abundant forex news and an excellent search function, so even if you have no intention to trade, it’s convenient to deposit 10,000 yen just to check the forex news♪

In response, OANDA Next Neo appears to be fixing at 14 yen.
“They’re quick to respond to competition, aren’t they?”

Wonderful. Brokers competing and raising swaps on their own.
For me, who already has a position, this is an ideal development (*^^*)


【A note on OANDA’s MXN/Peso】

I only managed to take one position of 100,000 units, and I had placed a buy limit at 6.300, but on 7/21 I couldn’t reach the limit in time to open the position. The cheapest rate was 6.301Just barely missed by 1 pip, unable to add a position…

 
The lowest BID is 6.296, visible on the chart　
With a fixed spread of 0.005, the lowest ASK is 6.301.　

...But SAXO BANK FX had the lowest ASK at 6.2982.
Although their spread is tighter, considering that, it’s still unsatisfactory that OANDA couldn’t reach 6.300, so I pulled the Money Partners chart as well.

That Money Partners chart is this　
 
As you can see from the rate on the right side (gray because after-hours), the spread is the same 0.005 as OANDA.

However, even at the end of trading, the rate was 6.300 or lower.
Looking at the chart, the lowest BID is 6.289, so the lowest ASK must have been 6.294.

In other words, it wasn’t that OANDA failed to reach the limit due to widening spread, but
that OANDA’s MXN/JPY rate itself is higher than other firms.

So it’s like SAXO and Money Partners have generally better rates, and OANDA was somehow a few pips higher.

Because of this, I couldn’t place an additional position.

This wouldn’t happen with major currencies, but with minor currencies, different brokers can differ, so everyone should be careful.

※ By the way, IG Securities’ Brazilian real is considerably lower than the actual rate.

When you compare IG Securities’ real against Rakuten Securities’ real, the difference is obvious

The Brazilian real is steady. It’s suffering due to a weak dollar, but the real’s swap is currently saving it ♪

Just one more person who can introduce “BRL/JPY is attractive at IG Securities.”

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