We expect USDJPY to trend upwards later today. Based on these past Japan Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen if the released value is < 38.5. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
01 Jul 05:00 |
08 Apr 05:00 |
01 Mar 05:00 |
30 Jan 05:00 |
30 Nov 05:00 |
31 Jul 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
