Based on the last 12 Housing Starts events in United States, we expect USDJPY to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 18 Sep 12:30 if the released value is > 1.25M. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jun 12:30 |
16 May 12:30 |
08 Mar 13:30 |
18 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
