Based on the last 12 Retail Sales MoM events in United States, we could see a 107 pip movement on USDJPY for the next 12 hours. USDJPY could trend upwards for 12 hours because the released value is > 0.3%
Historical events that allowed us to draw this conclusion
17 Oct 12:30 |
17 Sep 12:30 |
15 Aug 12:30 |
15 Apr 12:30 |
17 Jan 13:30 |
14 Dec 13:30 |
15 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
