Japanese Forex industry is famous for the competitive spread. Japanese Forex brokers have been trying to provide the lowest spread. Currently, leading Japanese brokers such as DMM FX, GMO Click Securities, Rakuten Securities, and Gaitame.com offer 0.3 pips for USD/JPY. According to an announcement by Traders Securities, the broker joins the group of retail forex brokers providing the lowest level of spread in Japan.
Originally, the broker has run a campaign to offer 0.3 pips for USD/JPY during limited trading hours from 8am to 2am from July 27, 2015. This campaign will end on September 30, however due to a lot of positive feedback and demands for extending the campaign from its customers, the broker decided to continue providing the 0.3 pips after the campaign period.
(Source: Traders Securities)