Dollar/Yen Short Term Forex Trades

Here are a couple of recent trades on USD/JPY. The hourly chart is shown. The result was a net profit.

Though one trade was twice the size it can simply be viewed as + 120 PIPS

As we can see below this pair has been making some nice moves.

The same type of trading can be done on other instruments, such as the DOW (US30)

It’s important to understand PIP Value and margin for any instrument as they can vary.