I am developing a hedge strat with GBPJPY and EURJPY but i am at a big confusion

Interbank FX says that the swap rate (standard lot) for long gbpjpy is 20 dollars

How do you calculate how much a pip (standard lot) is worth because i think i am entering in the wrong information for thier pip calculator. It says one pip is worth $4.29

If that was the case, why doesnt everyone go long at like 4:55 est and get the 20 dollars and close the trade...you can walk away with an easy 16 dollars profit?

So i am assuming a pip is worth more than what i am getting. Can someone tell me how to calculate the pip valule in usd for gbpjpy and eurjpy thnx

Interbank FX says that the swap rate (standard lot) for long gbpjpy is 20 dollars

How do you calculate how much a pip (standard lot) is worth because i think i am entering in the wrong information for thier pip calculator. It says one pip is worth $4.29

If that was the case, why doesnt everyone go long at like 4:55 est and get the 20 dollars and close the trade...you can walk away with an easy 16 dollars profit?

So i am assuming a pip is worth more than what i am getting. Can someone tell me how to calculate the pip valule in usd for gbpjpy and eurjpy thnx

Nothing is hard, some things just take more time and discipline.