It’s obvious that the dollar is havng trouble, but today I notice that the pip value of USD/JPY is much lower than usual. I’ve been forex’ing since July and always use a 0.03 mini lot size for my trades, and the pip value for USD/JPY is always $0.28.
Since I started, the value of USD/JPY has bounced roughly between 103.00 and 110.00. Pip value always $0.28. Whats up today with it being $0.19 and how do I figure that out??
It obviously has to do with the dollar, but I think I’ve missed a basic concept somewhere. Not to mention I will have to increase my lot sizes when trading which goes against my MM rules (even though they are based on $0.30 a pip).
*Nevermind
Triple swap day and I don’t see the swap column on my smartphone platform… :rolleyes: