USD/JPY Weekly uptrend opportunity based on 1.00 Lot Calculation:
- EVENT: Friday, January 7, 13:30 GMT – The US Non-farm Payroll report for December. An improved picture of the US economy is expected in the upcoming report from the US labor market. Namely, forecast is that the US economy added 400,000 new jobs in December, while the unemployment rate further dropped (from 4.2% to 4.1%);
- The global investors’ risk sentiment significantly improved after reports that the new Omicron variant causes only mild symptoms. This helped ease fears about the slow economic recovery of developed economies affecting the Japanese currency, considered as a (traditional) safe-haven;
- Rising US government bond yields push the currency pair higher ahead of the very important US jobs market data to be released next Friday. This currency pair is very sensitive to interest rates differentials between bonds of the U.S. and Japan.
USD/JPY, January 5, 2022
Current Price: 115.90
|
USD/JPY |
Weekly |
|
Trend Direction |
UP |
|
117.20 |
|
|
117.00 |
|
|
116.80 |
|
|
115.10 |
|
|
114.90 |
|
|
114.70 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
1,091 |
910 |
728 |
-728 |
-910 |
-1,091 |
|
Profit or loss Short in €** |
966 |
805 |
644 |
-644 |
-805 |
-966 |
|
Profit or loss Short in £** |
806 |
672 |
538 |
-538 |
-672 |
-806 |
|
Profit or loss Short in C$** |
1,387 |
1,156 |
925 |
-925 |
-1,156 |
-1,387 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 07:40 am (GMT) 5/1/2022
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