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We expect USDJPY to trend downwards today with a 80% chance.

We expect USDJPY to trend downwards later today. Based on these past United States GDP Price Index QoQ Final news events there is a 80% chance of this. We expect this to happen if the released value is = 2.4%. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

28 Mar 12:30
21 Dec 13:30
22 Dec 13:30
29 Sep 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a $294,860.46 movement on SP within 4 hours following the event release at 26 Sep 12:30.

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