We expect a $101.31 movement on USDJPY within the next 2 hours. We expect USDJPY to trend upwards 2 hours following the Adp Employment Change events in United States release because the released value is > 150K. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jan 13:15 |
31 Oct 12:15 |
03 Oct 12:15 |
01 Aug 12:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
