Hi,
You wrote at [B]School > Know Your P�s and L�s[/B] : Know Your P’s and L’s | Pre-School: Forex Basics | Learn Forex Trading
Let�s assume we will be using a $100,000 lot size. We will now recalculate some examples to see how it affects the pip value.
USD/JPY at an exchange rate of [B]119.90[/B] (.01 / [B]119.80[/B]) x $100,000 = $8.34 per pip
Its a detail, but I presume its 119,80 the right figure.
Have a good day,
Michael