We expect USDJPY to trend upwards for the next 2 hours. Based on these past United States Non Farm Payrolls news events there is a 75% chance of this. We expect this to happen because the released value is > 180K. A price movement of 165 pips is expected.
Historical events that allowed us to draw this conclusion
06 Oct 12:30 |
01 Sep 12:30 |
02 Jun 12:30 |
05 May 12:30 |
03 Feb 13:30 |
02 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
