USD/JPY weekly special report based on 1.00 Lot Calculation:
EVENTS:
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FRIDAY, DECEMBER 06 at 13:30 GMT: U.S. NONFARM PAYROLLS AND UNEMPLOYEMENT RATE (NOVEMBER). Nonfarm Payrolls measures the change in the number of people employed during the prior month, excluding workers in the farming industry. For November the forecast is 202,000. A stronger than forecasted reading is generally supportive for the US Dollar. For November the forecast for unemployment is 4.2%. A higher than forecasted reading is generally negative for the US Dollar, as it could encourage the US Federal Reserve to more aggressively lower its interest rates.
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SUNDAY, DECEMBER 8 at 23:50 GMT: JAPAN OFFICIAL GROSS DOMESTIC PRODUCT (GDP) (Q3). The final rating is expected to show a growth rate of 0.2% for the third quarter. If the GDP numbers outperform the domestic currency can strengthen, however if it underperforms the domestic currency will face downward pressures.
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WEDNESDAY, DECEMBER 11 at 13:30 GMT: UNITED STATES CONSUMER PRICE INDEX (INFLATION) (CPI) (NOVEMBER). This index measures the change in the price of goods and services from the viewpoint of the consumer. The CPI index was 2.6% for October. A higher-than-expected rating is supportive for the USD and a lower rating is negative for the domestic currency.
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WEDNESDAY, DECEMBER 18 at 19:00 GMT: FED INTEREST RATE DECISION. The FED convenes to vote on the future interest rate levels. A higher-than-expected rate is positive for the local currency, and a lower-than-expected rate is negative for the USD.
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THURSDAY, DECEMBER 19 AT 03:00 GMT: BoJ INTEREST RATE DECISION. The Bank of Japan board will convene on December 19 to decide to future policy rate. A rate that is stronger than forecast is generally supportive for the JPY, while a weaker than forecast reading is generally negative for the JPY.
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THURSDAY, DECEMBER 19 AT 23:30 GMT: JAPAN NATIONAL CONSUMER PRICE INDEX (CPI) (NOVEMBER). The CPI’s November report showed that Japan’s inflation rate was 2.3% in October. Relatively high inflation in Japan reinforces chances for another interest rate hike by the Bank of Japan by the endo of the year. This could positively impact the Japanese Yen.
USDJPY, December 05, 2024
Current Price: 150.60
|
USD/JPY |
Weekly |
|
Trend direction |
|
|
154.50 |
|
|
153.50 |
|
|
152.50 |
|
|
148.00 |
|
|
146.00 |
|
|
144.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
-2,589.05 |
-1,925.19 |
-1,261.33 |
1,726.03 |
3,053.75 |
4,381.47 |
|
Profit or loss in €² |
-2,451.24 |
-1,822.72 |
-1,194.19 |
1,634.16 |
2,891.21 |
4,148.25 |
|
Profit or loss in £² |
-2,031.26 |
-1,510.43 |
-989.59 |
1,354.18 |
2,395.85 |
3,437.52 |
|
Profit or loss in C$² |
-3,634.17 |
-2,702.33 |
-1,770.49 |
2,422.78 |
4,286.46 |
6,150.13 |
- 1.00 lot is equivalent of 100.000 units
- Calculations for exchange rate used as of 14:00 (GMT) 05/12/2024
There is a possibility to use Stop-Loss and Take-Profit.
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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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Trailing stop technique could protect the profit.