Based on the last 12 Non Farm Payrolls events in United States, we expect USDJPY to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 07 Jan 13:30 if the released value is < 400K. A price movement of 48 pips is expected. Historical events that allowed us to draw this conclusion
03 Dec 13:30 |
03 Sep 12:30 |
04 Jun 12:30 |
07 May 12:30 |
05 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
