If USD/JPY moves up by 100 pips, it means the value of the U.S. dollar has strengthened relative to the Japanese yen. In the foreign exchange market, a pip is the smallest price move that can be observed in a currency pair. For USD/JPY, one pip is equal to 0.01 in the exchange rate.
For example:
If the current USD/JPY exchange rate is 149.00, and it rises by 100 pips, the new rate would be 150.00.
Traders often monitor these changes for profit opportunities, particularly those involved in forex trading, as a movement of 100 pips can signal significant currency shifts and potential profit or loss depending on the position (long or short). Are you looking at this from a trading perspective, or are you following general currency trends?
For example:
If the current USD/JPY exchange rate is 149.00, and it rises by 100 pips, the new rate would be 150.00.
Traders often monitor these changes for profit opportunities, particularly those involved in forex trading, as a movement of 100 pips can signal significant currency shifts and potential profit or loss depending on the position (long or short). Are you looking at this from a trading perspective, or are you following general currency trends?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.