CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% 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.
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USDJPY

Special Reports - 03/06/2022

03 June, 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 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.

USDJPY Weekly uptrend opportunity based on 1 Lot Calculation:

  • EVENT: Friday, June 10 at 13:30 GMT+1 – US Consumer Price Index (CPI) figures for May. It is expected that headline inflation posted 8.1% in May, down from 8.3% in April. Even if inflation eases, which may (not) be the case, it is still extremely high above the Fed’s 2% target level.

  • Lael Brainard, the vice chair of the US Federal Reserve, said yesterday that “right now it is very hard to see the case for a pause” when it comes to interest rate hikes and that another big rate increase in September might be appropriate if inflation did not moderate.

  • Japan's current-account (surplus), as the main driver for the traditional Japanese currency appeal as a safe haven currency, deteriorated because of high oil prices, while the Japanese GDP contracted in the first quarter according to the preliminary data released in the second half of May.

  • Rising US government bond yields push the dollar against the yen higher with the 10-year bond yield again above the 2.9% level.

USDJPY, June 3, 2022
Current Price: 129.90

USD/JPY

Weekly

Trend Direction

UP

Resistance 3

132.70

Resistance 2

132.20

Resistance 1

131.70

Support 1

128.10

Support 2

127.60

Support 3

127.10

Example of calculation based on weekly trend direction for 1 Lot1

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss Short in $

2,156

1,771

1,386

-1,386

-1,771

-2,156

Profit or loss Short in €2

2,007

1,649

1,290

-1,290

-1,649

-2,007

Profit or loss Short in £2

1,715

1,409

1,103

-1,103

-1,409

-1,715

Profit or loss Short in C$2

2,709

2,226

1,742

-1,742

-2,226

-2,709

1. 1 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 10:20 (GMT+1) 3/6/2022

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

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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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. See full risk warning

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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Risk Warning and Disclaimer: CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account. 76% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice. Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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