We expect USDJPY to trend upwards later today. Based on these past United States Retail Sales MoM news events there is a 71.43% chance of this. We expect this to happen if the released value is < -0.8%. A price movement of 79 pips is expected. Historical events that allowed us to draw this conclusion
15 Dec 13:30 |
14 Oct 12:30 |
14 Apr 12:30 |
16 Mar 12:30 |
14 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
