We expect a $196 movement on USDJPY within the next 12 hours.

We expect a $196 movement on USDJPY within the next 12 hours. We expect USDJPY to trend downwards 12 hours following the Non Farm Payrolls events in United States release because the released value is < 250K. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

01 Apr 12:30

07 Jan 13:30

03 Dec 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).