CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

USD/JPY price is falling -0.2%

Fast Moving Market - 15/09/2021

15 September, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: USD/JPY price increased 0.2%. The latest US inflation data released on Tuesday eased concerns for an earlier than expected tapering by the Fed and triggered a steep decline in the US Treasury bond yields. This, in turn, prompted some intraday US dollar selling and exerted heavy pressure on the USD/JPY pair.

Possible Scenarios:

If USD/JPY fails to breach through S1 of 109.387, our Research Department expects the USD/JPY to undergo a short-term upward correction.

If USD/JPY manages to break below its S1 of 109.387, our Research Department expects the USD/JPY to extend its losses to its S2 of 109.257.

Support and Resistance Levels:

USD/JPY

S3

S2

S1

Reference Price

R1

R2

R3

109.128

109.257

109.387

109.559

109.731

109.861

109.990

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $94.99

(+/-) €80.37

(+/-) £68.56

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.18181
***GBP/USD = 1.38542
Calculations for exchange rate used as of 09:00 (GMT+1) 15/9/2021

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