Based on past United Kingdom GfK Consumer Confidence news events there is a 75% chance of USDJPY trending downwards. We expect this to happen if the released value is < -40. A price movement of 75 pips is expected. Historical events that allowed us to draw this conclusion
22 Sep 23:01 |
23 Jun 23:01 |
22 Apr 02:10 |
25 Mar 00:01 |
25 Feb 00:01 |
21 Jan 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
