USD/JPY Weekly uptrend opportunity based on 1.00 Lot Calculation:
- EVENT: Friday, December 10, 13:30 GMT – The US Consumer Price Index (CPI) for November. Inflation figures in the US are expected to continue to rise. The headline inflation forecast for November stands at 6.8% on an annual basis, up from 6.2% posted in October. This could prompt the Fed to react decisively to curb inflation;
- The global investors’ risk sentiment significantly improved after reports that the new Omicron variant causes only mild symptoms. This helped ease fears about the slow economic recovery of developed economies;
- Rising US government bond yields push the currency pair higher ahead of the very important inflation data release on Friday. This currency pair is very sensitive to interest rate differential between the two countries, the U.S. and Japan.
USD/JPY, December 7, 2021
Current Price: 113.47
|
USD/JPY |
Weekly |
|
Trend Direction |
UP |
|
114.57 |
|
|
114.37 |
|
|
114.17 |
|
|
112.77 |
|
|
112.57 |
|
|
112.37 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
1,000 |
819 |
637 |
-637 |
-819 |
-1,000 |
|
Profit or loss Short in €** |
889 |
727 |
565 |
-565 |
-727 |
-889 |
|
Profit or loss Short in £** |
755 |
618 |
480 |
-480 |
-618 |
-755 |
|
Profit or loss Short in C$** |
1,269 |
1,038 |
808 |
-808 |
-1,038 |
-1,269 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 11:30 am (GMT) 7/12/2021
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