We could see a $335.83 movement on USDJPY within the next 12 hours. USDJPY could trend downwards 12 hours following the Consumer Confidence events in Japan release because the released value is > 33.5. We may experience a price movement of 43 pips.
Historical events that allowed us to draw this conclusion
02 May 05:00 |
01 Oct 05:00 |
02 Aug 05:00 |
31 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
