USD/JPY weekly special report based On 1.00 Lot Calculation:
- EVENT (JANUARY 18, WEDNESDAY AT 03:00 GMT): BANK OF JAPAN INTEREST RATE DECISION. Expectations are growing that the BOJ would make further changes to its yield control policy when it announces its monetary policy decision on Wednesday, following its surprise move last month to widen the band around its 10-year bond yield target. Prices are climbing in Japan, with inflation in the capital city Tokyo hitting 4% for the first time since 1982, and thus pressure is mounting on the central bank to shift away from its ultra-easy monetary policy.
- EVENT (FEBRUARY 1, WEDNESDAY AT 19:00 GMT): US FEDERAL RESERVE INTEREST RATE DECISION. The Fed raised the interest rates as expected 0.50% points to 4.50% in December. The markets are pricing in two more interest rates by the end of March to close the current interest rate hike cycle at 5%. The next meeting will take place on February 1, whereby the Fed should increase the benchmark rates by 0.25% points to 4.75% from the current 4.50%.
USD/JPY, January 16, 2022
Current Price: 128.50
|
USD/JPY |
Weekly |
|
Trend direction |
|
|
137.00 |
|
|
134.60 |
|
|
131.50 |
|
|
125.30 |
|
|
122.00 |
|
|
120.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
USD/JPY |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
-7,458.76 |
-5,352.76 |
-2,632.50 |
2,808.00 |
5,703.76 |
7,458.76 |
|
Profit or loss in €2 |
-7,481.20 |
-5,368.86 |
-2,640.42 |
2,816.45 |
5,720.92 |
7,481.20 |
|
Profit or loss in £2 |
-6,434.96 |
-4,618.03 |
-2,271.16 |
2,422.57 |
4,920.85 |
6,434.96 |
|
Profit or loss in C$2 |
-9,785.89 |
-7,022.82 |
-3,453.84 |
3,684.10 |
7,483.33 |
9,785.89 |
1. 1.00 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 11:20 (GMT) 16/01/2023
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