We expect a $272 movement on USDJPY within the next 2 hours. We expect USDJPY to trend upwards 2 hours following the Balance of Trade events in Australia release because the released value is > A$14.5B. A price movement of 36 pips is expected.
Historical events that allowed us to draw this conclusion
04 Aug 01:30 |
07 Jul 01:30 |
02 Jun 01:30 |
05 May 01:30 |
03 Mar 00:30 |
02 Dec 00:30 |
04 Nov 00:30 |
05 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
