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We expect USDJPY to trend downwards right now.

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”).

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