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fusion , futures contracts 34–5, , , , –51, –4 FX trades volatilities –2 reset options –63 ex-dividend process 80–1, 83, USD base currency of the currency pair. You're trading 1 standard Lot (, base units) and the base currency is the USD such as USD/JPY. The Pip Value is. Since most major currency pairs are priced to 4 decimal places, the smallest change is that of the last decimal point which is equivalent to 1/ of 1%.
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