Based on the last 12 Non Farm Payrolls events in United States, we could see a $1408 movement on USDJPY within the next 4 hours. USDJPY could trend upwards for the next 4 hours because the released value is > 170K
Historical events that allowed us to draw this conclusion
08 Dec 13:30 |
06 Oct 12:30 |
01 Sep 12:30 |
02 Jun 12:30 |
05 May 12:30 |
03 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
