Based on past Japan GDP Growth Rate QoQ Prel news events there is a 66.67% chance of USDJPY trending downwards. We expect this to happen because the released value is > 0.6%. A price movement of 153 pips is expected.
Historical events that allowed us to draw this conclusion
17 May 23:50 |
15 Aug 23:50 |
15 Nov 23:50 |
08 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
