USD/JPY calculating PIP value seems off. HELP plz

I am trying to calculate an actual Pip value assuming I’m trading Nano lots. My calculation for example is this… 0.01 divided by 81.82 = 0.0001222 so I took that number and multiplied it times the number of Pips that I want to risk on the trade of 100 Pips. So… 0.0001222 x 100 = 0.012 . Is this correct? And if so, does that mean that at 1 100 pip stop, I only stand to lose a max of 0.01 cent on the whole trade ?? Thanks for any and all help - Mike

If your account is denominated in USD, then the dollar-value of 1 pip is:

For standard accounts: $1,000 / the current price of the USD/JPY

For mini accounts: $100 / the current price of the USD/JPY

For micro accounts: $10 / the current price of the USD/JPY

For nano accounts: $1 / the current price of the USD/JPY

Note that the pip-value (for a given account) is the same for all JPY pairs.

In your calculation, you’re off by a factor of 100.

If 81.82 is the current price of the USD/JPY, then for your nano account, 1 pip is worth $0.0122 (that is, a little less than
one-and-one-quarter cent).

A 100-pip move, then, would be worth $1.22