In forex trading, the trading is always done in pair as one currency has to be used for comparison with the other. For JPY/USD pair, it has to be seen as to how much the Japanese Yemen is worth one US dollar. The trader on selling JPY will also have to buy USD and that’s how the forex trade works. The pip value is considered while trading as explained above. It is thus, if the JPY/USD rose to 1.6033 from 1.6028, then it is said that there has been a rise of 5 pips, as the last decimal point is Read more [...]
JPY
The USD
The USD rallied against the EUR and JPY on Wednesday, but lost ground with the sterling pound. The Greenback was strengthened by positive economic reports from the United States. The household spending and incomes went up at a faster rate for the second time from the month of October. The United States government report also showed that consumers rather than businesses are behind economic growth. Another economic report released yesterday showed that hiring in the private sector continued Read more [...]