USD/JPY Weekly uptrend opportunity based on 1.00 Lot Calculation:
- EVENT: Wednesday, November 24 - The U.S. Personal Consumption Expenditure prices (PCE) for October & Core Durable Goods Orders. Last month, Core PCE, the FED's preferred inflation metrics, stood at 4.1%, while this time the PCE figure is expected to be 6.1% in October. Core Durable Goods Orders growth rate is expected to rise from -0.4% last month to +0.2% in October;
- Rising US government bond yields push the dollar higher against the yen. 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 (long-term) uptrend that may continue.
USD/JPY, November 19, 2021
Current Price: 113.58
|
USD/JPY |
Weekly |
|
Trend Direction |
|
|
115.88 |
|
|
114.68 |
|
|
114.48 |
|
|
112.68 |
|
|
112.48 |
|
|
112.28 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
1,182 |
1,000 |
819 |
-819 |
-1,000 |
-1,182 |
|
Profit or loss Short in €** |
1,046 |
885 |
724 |
-724 |
-885 |
-1,046 |
|
Profit or loss Short in £** |
881 |
745 |
610 |
-610 |
-745 |
-881 |
|
Profit or loss Short in C$** |
1,496 |
1,266 |
1,035 |
-1,035 |
-1,266 |
-1,496 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 11:15 am (GMT) 19/11/2021
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