Based on the last 12 Durable Goods Orders MoM events in United States, we expect USDJPY to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect USDJPY to trend upwards 12 hours following the event release at 24 Mar 12:30 if the released value is < -0.5%. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion
27 Jan 13:30 |
24 Nov 13:30 |
24 Jun 12:30 |
27 May 12:30 |
26 Apr 12:30 |
24 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
