In case anybody in Europe wants to short Japan. OANDA weirdly, in contrast to all other brokers I've seen, seems to count their Japan-CFD as US-based, which is why the swaps seem to be bound to the Fed-Fundrate.

Upon creating the edit I realized it likely is because the margin currency is USD and not JPY for the instrument.


Just in case somebody wants to bet on the implosion of Nippon.