USD/JPY Weekly uptrend opportunity based on 1.00 Lot Calculation:
- EVENT: Wednesday, October 13 at 01:30 pm GMT+1 - The U.S. CPI data for September. The last month, Core CPI stood at 4%, while the headline inflation was 5.3%;
- 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 10-year Treasury yield rose above the 1.6% level on Friday providing support to the US currency;
USD/JPY, October 11, 2021
Current Price: 112.92
USD/JPY |
Weekly |
Trend Direction |
|
113.82 |
|
113.62 |
|
113.42 |
|
112.42 |
|
112.22 |
|
112.02 |
Example of calculation based on weekly trend direction for 1.00 Lot*
Profit or loss Short in $ |
819 |
637 |
455 |
-455 |
-637 |
-819 |
Profit or loss Short in €** |
708 |
551 |
394 |
-394 |
-551 |
-708 |
Profit or loss Short in £** |
601 |
467 |
334 |
-334 |
-467 |
-601 |
Profit or loss Short in C$** |
1,019 |
793 |
566 |
-566 |
-793 |
-1,019 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 09:20 am (GMT+1) 11/10/2021
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