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 |
|
|
148.90 |
|
|
146.60 |
|
|
144.00 |
|
|
138.00 |
|
|
135.30 |
|
|
133.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
USD/JPY |
||||||
|
Pivot Points |
||||||
|
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
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