Based on past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen because the released value is < 79. A price movement of 70 pips is expected. Historical events that allowed us to draw this conclusion
15 Mar 14:00 |
10 Nov 15:00 |
15 Sep 14:00 |
12 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
