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In a dollar-based account, one 20k lot involving USD/JPY is as follows: 1pip-200(20,0000.01). 1 pip will be valued in the counter currency (i.e., JPY) in

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In a dollar-based account, one 20k lot involving USD/JPY is as follows: 1pip-200(20,0000.01). 1 pip will be valued in the counter currency (i.e., JPY) in a 20k lot. Note: If exchange rate at the time of conversion is 95.25/$ (USD/JPY: 95.25) 1pip=$

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