We expect a $237.64 movement on USDJPY within 4 hours following the release of Business Confidence at 28 Nov 10:00. We expect USDJPY to trend upwards 4 hours following the event release at 28 Nov 10:00 if the released value is > -0.14. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
30 Oct 10:00 |
27 Feb 10:00 |
29 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
