USDJPY Weekly uptrend opportunity based on 1 Lot Calculation:
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The Bank of Japan held firm with its rock-bottom interest rates(-0.10%) , resisting an intensifying global wave of central bank tightening and recent market pressure on the yen and government bonds;
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The Fed raised interest rates by 75 basis points (+1.75%) Wednesday, and more hikes are expected to come in the months ahead;
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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 3.2% level.
USDJPY, June 17, 2022
Current Price: 134.20
|
USD/JPY |
Weekly |
|
Trend Direction |
|
|
137.10 |
|
|
136.60 |
|
|
135.90 |
|
|
132.60 |
|
|
132.00 |
|
|
131.45 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Profit or loss Short in $ |
2,544.75 |
2,106.00 |
1,491.75 |
-1,404.00 |
-1,930.50 |
-2,413.13 |
|
Profit or loss Short in €2 |
2,420.58 |
2,003.24 |
1,418.96 |
-1,335.49 |
-1,836.30 |
-2,295.37 |
|
Profit or loss Short in £2 |
2,069.41 |
1,712.61 |
1,213.10 |
-1,141.74 |
-1,569.90 |
-1,962.37 |
|
Profit or loss Short in C$2 |
4,990.26 |
4,129.87 |
2,925.32 |
-2,753.25 |
-3,785.71 |
-4,732.14 |
1. 1 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 8:55 (GMT+1) 17/6/2022
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