We expect a $120 movement on USDJPY within the next 4 hours. We expect USDJPY to trend downwards 4 hours following the Unemployment Rate events in France release because the released value is > 7.3%. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
19 Nov 06:30 |
13 Aug 05:30 |
14 Nov 06:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
