We expect a $662 movement on USDJPY within the next 12 hours. We expect USDJPY to trend upwards 12 hours following the Balance of Trade events in Japan release because the released value is > ¥485.3B. A price movement of 94 pips is expected.
Historical events that allowed us to draw this conclusion
22 Jan 23:50 |
17 Dec 23:50 |
17 Jul 23:50 |
20 Mar 23:50 |
20 Feb 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
