We expect USDJPY to trend upwards later today. Based on these past United States Housing Starts news events there is a 80% chance of this. We expect this to happen if the released value is > 1.32M. A price movement of 37 pips is expected.
Historical events that allowed us to draw this conclusion
18 Sep 12:30 |
18 Jun 12:30 |
16 May 12:30 |
18 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
