CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.
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USD/JPY

Special Reports - 08/02/2023

08 February, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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

DOWN

Resistance 3

139.00

Resistance 2

136.80

Resistance 1

133.80

Support 1

128.10

Support 2

125.00

Support 3

122.00

Example of calculation base on weekly trend direction for 1.00 Lot1

USD/JPY

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

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
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 Senior Account ManagerClient Manager for more detail

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