Based on the last 12 Non Farm Payrolls events in United States, we expect a 29 pip movement on USDJPY within 12 hours following the event release at 02 Aug 12:30 UTC. We expect USDJPY to trend upwards 12 hours following the event release at 02 Aug 12:30 UTC if the released value is > 164K
Historical events that allowed us to draw this conclusion
05 Jul 12:30 |
01 Feb 13:30 |
04 Jan 13:30 |
02 Nov 12:30 |
07 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
