USD/JPY weekly special report based on 1.00 Lot Calculation:
EVENTS:
- TUESDAY, SEPTEMBER 17 AT 13:30 GMT+1: UNITED STATES MONTHLY RETAIL SALES REPORT (AUGUST). Although U.S. retail sales increased by 1.0% in July, exceeding expectations, analysts are forecasting a -0.2% decline on a monthly basis for August. The negative outlook may be attributable to the weakening U.S. labor market, which has recently produced worse-than-expected numbers. If retail sales come in lower than the forecast, it could negatively impact the U.S. dollar, as this would increase the chances of further interest rate cuts in the USA.
- WEDNESDAY, SEPTEMBER 18 AT 19:00 GMT+1: FEDERAL RESERVE INTEREST RATE DECISION. The U.S. inflation rate fell to 2.5% in August, giving the Fed an opportunity to focus on weakening the U.S. labor market. Unemployment rose from 3.7% to 4.2% between January and September 2024, while U.S. nonfarm payrolls came in at 142,000, lower than expected in September. These recent economic updates could encourage the Fed to take a more aggressive approach. According to the latest reports, investors are expecting a 0.5% rate cut from the Federal Reserve, which would put the U.S. dollar under significant pressure.
- FRIDAY, SEPTEMBER 20 AT 00:30 GMT +1: JAPAN NATIONAL CONSUMER PRICE INDEX (CPI) (AUGUST). The CPI’s August report showed that Japan’s inflation rate increased to 2.7% in July, in line with forecasts. Inflation in Japan has been rising since April 2024, when it was 2.2%, and it is expected to reach 2.8% in August. If the inflation rate comes in at 2.8% or higher, it could further strengthen the Japanese yen.
- FRIDAY, SEPTEMBER 20 AT 04:00 GMT +1: BANK OF JAPAN (BOJ) INTEREST RATE DECISION. On July 31, the Bank of Japan raised interest rates from 0.1% to 0.25%, marking the highest level in 15 years. Junko Nakagawa, a member of the BOJ’s policy board, stated that if inflation aligns with forecasts, the BOJ will consider further rate hikes.
USDJPY, September 17, 2024
Current Price: 140.50
|
USD/JPY |
Weekly |
|
Trend direction |
|
|
144.500 |
|
|
144.000 |
|
|
143.500 |
|
|
137.000 |
|
|
133.000 |
|
|
130.000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
-2,846.49 |
-2,490.68 |
-2,134.87 |
2,490.68 |
5,337.17 |
7,472.03 |
|
Profit or loss in €² |
-2,556.38 |
-2,236.83 |
-1,917.28 |
2,236.83 |
4,793.21 |
6,710.49 |
|
Profit or loss in £² |
-2,154.20 |
-1,884.92 |
-1,615.65 |
1,884.92 |
4,039.12 |
5,654.76 |
|
Profit or loss in C$² |
-3,867.38 |
-3,383.96 |
-2,900.54 |
3,383.96 |
7,251.34 |
10,151.88 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 10:23 (GMT) 17/09/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.