USD/JPY Weekly uptrend opportunity based on 1.00 Lot Calculation:
- Yesterday, the US Federal Reserve Chairman Jerome Powell's hawkish remarks triggered a dollar rally and weighed heavily on all major currencies against the (strengthening) dollar;
- The spread between the U.S. and Japanese 2-year yield widened to 1,24% yesterday, its highest since late February 2020, while the benchmark 10-year yield rose to 1.85%. This currency pair is very sensitive to interest rates differentials between the U.S. and Japanese bonds.
USD/JPY, January 27, 2022
Current Price: 114.84
|
USD/JPY |
Weekly |
|
Trend Direction |
UP |
|
115.94 |
|
|
115.74 |
|
|
115.54 |
|
|
114.14 |
|
|
113.94 |
|
|
113.74 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
1,000 |
819 |
637 |
-637 |
-819 |
-1,000 |
|
Profit or loss Short in €** |
892 |
730 |
568 |
-568 |
-730 |
-892 |
|
Profit or loss Short in £** |
746 |
610 |
474 |
-474 |
-610 |
-746 |
|
Profit or loss Short in C$** |
1,273 |
1,041 |
810 |
-810 |
-1,041 |
-1,273 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 08:00 am (GMT) 27/1/2022
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