We expect USDJPY to trend downwards later today. Based on these past United States GDP Price Index QoQ Final news events there is a 80% chance of this. We expect this to happen if the released value is = 2.4%. A price movement of 33 pips is expected.
Historical events that allowed us to draw this conclusion
28 Mar 12:30 |
21 Dec 13:30 |
22 Dec 13:30 |
29 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
