We expect a $320 movement on USDJPY within the next 4 hours. We expect USDJPY to trend upwards 4 hours following the Inflation Rate YoY events in Canada release because the released value is = 3.4%. A price movement of 43 pips is expected.
Historical events that allowed us to draw this conclusion
27 Jun 12:30 |
18 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
