We expect USDJPY to trend downwards for the next 12 hours. Based on these past United States Housing Starts news events there is a 80% chance of this. We expect this to happen because the released value is > 1.54M. A price movement of 37 pips is expected.
Historical events that allowed us to draw this conclusion
17 Mar 12:30 |
19 Jan 13:30 |
16 Dec 13:30 |
21 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
