We expect a $400 movement on USDJPY within the next 12 hours. We expect USDJPY to trend upwards 12 hours following the New Home Sales events in United States release because the released value is < 0.5M. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion
23 Aug 14:00 |
26 Jul 14:00 |
24 May 14:00 |
26 Apr 14:00 |
23 Mar 14:00 |
23 Dec 15:00 |
24 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
