Based on the last 12 Retail Sales MoM events in US, we expect USDJPY to trend down right now. Based on these past events there is a 75.0% of this.
We expect USDJPY to trend down for the next 4 hours because the released value is < 0.6%. A price movement of 24 pips is expected.
Historical events that allowed us to draw this conclusion
14 Mar 12:30 |
14 Feb 13:30 |
13 Oct 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
