We expect USDJPY to trend upwards for the next 2 hours. Based on these past Euro Area Industrial Production YoY news events there is a 75% chance of this. We expect this to happen because the released value is > -1.6%. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jun 09:00 |
14 May 09:00 |
12 Apr 09:00 |
13 Mar 10:00 |
12 Oct 09:00 |
12 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
