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We expect a $95.59 movement on USDJPY within 4 hours following the release of Housing Starts.

We expect a $95.59 movement on USDJPY within 4 hours following the release of Housing Starts at 17 Feb 13:30. We expect USDJPY to trend upwards 4 hours following the event release at 17 Feb 13:30 if the released value is < 1.7M. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion

17 Nov 13:30
19 Oct 12:30
18 Aug 12:30
17 Mar 12:30
18 Feb 13:30

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

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