Based on the last 12 Retail Sales MoM events in United Kingdom, we could see a 147 pip movement on USDJPY for the next 12 hours. USDJPY could trend upwards for 12 hours because the released value is > 1.5%
Historical events that allowed us to draw this conclusion
22 Mar 07:00 |
22 Dec 07:00 |
21 Jul 06:00 |
23 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
