USD/JPY weekly special report based On 1.00 Lot Calculation:
- EVENT (Tuesday, FEBRUARY 14 at 13:30 GMT): US INFLATION FOR JANUARY (EXPECTED: 6.2%). US INFLATION IN DECEMBER FELL TO 6.5% (EXPECTED HEADLINE: 6.5%) FROM NOVEMBER’S 7.1%. The US Inflation is now down from 9.1% in summer 2022, to December’s 6.5%. Core Inflation came down to 5.7% from previous 6.0%.
- EVENT JAPAN’S INFLATION AT 41- YEAR HIGH UP AT 4%. The Central Bank’s target is 2%. The Tokyo Inflation rose to 4.4% from 4.0%, which is the highest in 42 years. This should push the Central Bank to reduce stimulus, which in turn should support the Japanese Yen.
- FED CHAIR JEROME POWELL SPEAKS: DISINFLATION HAS BEGUN. Definition: Disinflation refers to a slowing in the rate of inflation, typically when it eases over the short term. Powell also said that the labor market, which showed surprisingly strong data for January, is still expected to weaken in the coming period.
USD/JPY, February 8, 2022
Current Price: 131.00
USD/JPY |
Weekly |
Trend direction |
|
139.00 |
|
136.80 |
|
133.80 |
|
128.10 |
|
125.00 |
|
122.00 |
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 10:00 (GMT+1) 8/02/2023
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