CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

USD/JPY

Special Reports - 11/11/2022

11 November, 2022

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

USD/JPY weekly downtrend opportunity based On 1.00 Lot Calculation:

  • US INFLATION IN OCTOBER FELL TO 7.7% (EXPECTED HEADLINE: 8.0%) FROM SEPTEMBER’S 8.2%. Core Inflation came down to 6.3% from previous 6.6%. The reading gives the Federal Reserve impetus to hike interest rates by a relatively smaller 50 basis points in December. Markets are also positioning for such a move, with traders pricing in an over 80% chance of the Fed hiking rates at a slower clip.
  • U.S. MIDTERMS (CONGRESSIONAL) ELECTIONS (NOVEMBER 11): CURRENT RESULTS: HOUSE OF REPRESENTATIVES (26 SEATS MORE TO BE DECIDED): DEMOCRATS= 198 AND REPUBLICANS= 211. SENATE (3 SEATS MORE TO BE DECIDED): DEMOCRATS= 48 AND REPUBLICANS=49. BREAKING (SENATE): Control of the U.S. Senate may once again be decided in Georgia, weeks after Election Day as a tight race between Democratic incumbent Raphael Warnock and Republican challenger Herschel Walker was headed to a Dec. 6 runoff.
  • EVENT (DECEMBER 14): US FEDERAL RESERVE INTERST RATE DECISION. The US Federal Reserve is expected to raise further their interest rates, from 4.00% to 4.50% this time. TERMINAL RATE could end below 5.00% level. A slower pace of interest rate hikes is beneficial for Japanese yen, as it keeps gains in the dollar and Treasury yields subdued.

USD/JPY, November 11, 2022
Current Price:141.00

USD/JPY

Weekly

Trend direction

DOWN

Resistance 3

148.90

Resistance 2

146.60

Resistance 1

144.00

Support 1

138.00

Support 2

135.30

Support 3

133.00

Example of calculation base on weekly trend direction for 1.00 Lot1

USD/JPY

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

-6,932.26

-4,914.00

-2,632.50

2,632.50

5,001.76

7,020.01

Profit or loss in €2

-6,953.12

-4,928.79

-2,640.42

2,640.42

5,016.81

7,041.13

Profit or loss in £2

-5,980.72

-4,239.50

-2,271.16

2,271.16

4,315.21

6,056.43

Profit or loss in C$2

-9,095.12

-6,447.17

-3,453.84

3,453.84

6,562.30

9,210.25

1. 1.00 lot is equivalent of 100,000 units

2. Calculations for exchange rate used as of 9:50 (GMT) 11/11/2022

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 detail
Share It With Your Network
US Dollar - Japanese Yen Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now