Based on the last 12 Retail Sales MoM events in United Kingdom, we expect USDJPY to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 2024-12-20 07:00 if the released value is < 0.5%. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion
22 Nov 07:00 |
19 Jul 06:00 |
24 May 06:00 |
19 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
