Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect a 70 pip movement on USDJPY within 12 hours following the event release at 14 Nov 10:00 UTC. We expect USDJPY to trend downwards 12 hours following the event release at 14 Nov 10:00 UTC if the released value is = 0.2%
Historical events that allowed us to draw this conclusion
14 Aug 09:00 |
14 Feb 10:00 |
14 Nov 10:00 |
14 Feb 10:00 |
14 Nov 10:00 |
16 Aug 09:00 |
16 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
