We expect a $268 movement on USDJPY within the next 4 hours. We expect USDJPY to trend downwards 4 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is < -38.3. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
14 Jun 09:00 |
15 Feb 10:00 |
12 Oct 09:00 |
07 Sep 09:00 |
10 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
