USD/JPY Weekly uptrend opportunity based on 1.00 Lot Calculation:
- EVENT: Friday, October 8 at 01:30 pm GMT+1 - The U.S. Non-farm Payroll (NFP) figures for September. The last month, a sharp decrease of the number of newly employed (235,000) was posted. This time, an increase of 500,000 jobs is expected, which would be positive for the dollar;
- Rising US government bond yields push the dollar against the yen, as this currency pair is very sensitive to interest rate differential between the two countries, the U.S. and Japan;
- The currency pair is in a (short-term) uptrend that may continue.
USD/JPY, October 1, 2021
Current Price: 111.04
|
USD/JPY |
Weekly |
|
Trend Direction |
|
|
112.04 |
|
|
111.84 |
|
|
111.64 |
|
|
110.44 |
|
|
110.24 |
|
|
110.04 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
819 |
728 |
546 |
-546 |
-728 |
-910 |
|
Profit or loss Short in €** |
707 |
629 |
471 |
-471 |
-629 |
-786 |
|
Profit or loss Short in £** |
676 |
541 |
406 |
-406 |
-541 |
-676 |
|
Profit or loss Short in C$** |
1,157 |
926 |
694 |
-694 |
-926 |
-1,157 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 09:20 am (GMT+1) 1/10/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details