Based on past United States Non Farm Payrolls news events there is a 80% chance of USDJPY trending downwards. We expect this to happen because the released value is < 268K. A price movement of 21 pips is expected. Historical events that allowed us to draw this conclusion
07 Jan 13:30 |
03 Dec 13:30 |
08 Oct 12:30 |
03 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
