We expect a $841 movement on USDJPY within the next 12 hours. We expect USDJPY to trend upwards 12 hours following the Unemployment Rate events in United Kingdom release because the released value is = 4.3%. A price movement of 113 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jan 07:00 |
12 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
