USDJPY Weekly uptrend opportunity based on 1 Lot Calculation:
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EVENT: Wednesday, June 15, at 20:00 GMT+1 - The US Fed Interest Rate Decision. The U.S. dollar is strengthening on raised expectations for aggressive monetary policy by the end of this year. Many board members vowed to support quicker and bigger rate hike in future, which is supportive for the US dollar;
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EVENT: Friday, June 17, at 17:40 GMT+1 - The Bank of Japan (BoE) Interest Rate Decision. The interest rate is expected to remain unchanged -0.10%. The Bank of Japan expanded a round of bond purchases to keep the 10-year government bond yield near its 0.25% cap to try and boost a struggling economy. The yen is the worst-performing major currency this year, down around 14%, as the BoJ keeps rates low while U.S. yields surge on bets for continued Federal Reserve hikes.
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Rising US government bond yields push the dollar against the yen higher with the 10-year bond yield again above the 3.4% level.
USDJPY, June 15, 2022
Current Price: 134.60
|
USD/JPY |
Weekly |
|
Trend Direction |
|
|
137.65 |
|
|
136.95 |
|
|
136.30 |
|
|
132.90 |
|
|
132.35 |
|
|
131.75 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Profit or loss Short in $ |
2,676.38 |
2,062.13 |
1,491.75 |
-1,491.75 |
-1,974.38 |
-2,500.88 |
|
Profit or loss Short in €2 |
2,562.11 |
1,974.08 |
1,428.06 |
-1,428.06 |
-1,890.08 |
-2,394.10 |
|
Profit or loss Short in £2 |
2,199.16 |
1,694.43 |
1,225.76 |
-1,225.76 |
-1,622.33 |
-2,054.95 |
|
Profit or loss Short in C$2 |
3,449.85 |
2,658.08 |
1,922.87 |
-1,922.87 |
-2,544.97 |
-3,223.63 |
1. 1 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 8:30 (GMT+1) 15/6/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Client Manager for more details