We expect a $625 movement on USDJPY within 2 hours following the release of Retail Sales MoM at 2023-07-18 12:30. We expect USDJPY to trend upwards 2 hours following the event release at 2023-07-18 12:30 if the released value is < 0.5%. A price movement of 84 pips is expected. Historical events that allowed us to draw this conclusion
16 May 12:30 |
14 Apr 12:30 |
15 Mar 12:30 |
15 Dec 13:30 |
14 Oct 12:30 |
17 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
