Wednesday, June 14, 2017

Deals of the Month – USD/JPY Currency Pair

Dear Nasril Nizam

Deals of the Month – USD/JPY Currency Pair

Have you been following Forex developments? Here is how much you could earn by trading the USDJPY pair.

The Japanese yen started weakening against the dollar ahead of Bank of Japan policy meeting.

  • Based on our USDJPY technical analysis released on April 25, 2017 you could buy $100,000 with 1:100 leverage at the exchange rate USDJPY 110.7 on April 25, 2017 by investing $1,000 (the margin for the position).
  • Close the position on May 11 at the exchange rate USDJPY 114.10.
  • Therefore, by investing just $1,000, you could earn $2,992.98 (including $13.14 swap credit), that is you increase your investment by about 299%.

Try your own successful strategy by trading currency pairs, IFC Markets offers trading with 50 of them.

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