Based on the last 12 Inflation Rate YoY events in United Kingdom, we could see a $255 movement on USDJPY within the next 4 hours. We may see USDJPY trend upwards for 4 hours because the released value is > 3.4%
Historical events that allowed us to draw this conclusion
21 May 06:00 |
19 Feb 07:00 |
20 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
