If the released value is > -39 for the GfK Consumer Confidence event, we could see a $351.9 movement on USDJPY within 12 hours following the release at 19 May 23:01. This movement may form an downwards trend for 12 hours following the event release at 19 May 23:01.
Historical events that allowed us to draw this conclusion
17 Dec 00:01 |
19 Nov 00:01 |
20 May 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
