Based on the last 12 Durable Goods Orders MoM events in United States, we expect USDJPY to trend downwards right now. Based on these past events there is a 80% chance of this. We expect USDJPY to trend downwards for the next 12 hours because the released value is > 0.7%. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
25 Apr 12:30 |
02 Apr 12:30 |
13 Mar 12:30 |
25 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
