USD/JPY weekly special report based On 1.00 Lot Calculation:
- EVENT (INFLATION DATA FOR DECEMBER, JANUARY 27): Key inflation data for December will be published. According to preliminary forecasts, the general consumer price index will show an increase in inflation by 4.0%. If the indicator comes out, at least at the forecast level, it will be a new high for the last 41 years and yen may again begin to increase demand, despite the dovish results of the January meeting.
- 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 could increase the benchmark rates by 0.25% points to 4.75% from the current 4.50% according CME Group.
USD/JPY, January 18, 2022
Current Price: 130.00
USD/JPY |
Weekly |
Trend direction |
|
138.00 |
|
135.80 |
|
132.80 |
|
127.10 |
|
124.00 |
|
121.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
USD/JPY |
||||||
Pivot Points |
||||||
Profit or loss in $ |
-7,020.01 |
-5,089.51 |
-2,457.00 |
2,544.75 |
5,265.01 |
7,897.51 |
Profit or loss in €2 |
-7,041.13 |
-5,104.82 |
-2,464.40 |
2,552.41 |
5,280.85 |
7,921.27 |
Profit or loss in £2 |
-6,056.43 |
-4,390.91 |
-2,119.75 |
2,195.46 |
4,542.32 |
6,813.48 |
Profit or loss in C$2 |
-9,210.25 |
-6,677.43 |
-3,223.59 |
3,338.72 |
6,907.69 |
10,361.53 |
1. 1.00 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 10:20 (GMT+1) 18/01/2023
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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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