21 pip movement on USDJPY expected

Based on the last 12 Retail Sales MoM events in Australia, we expect a 21 pip movement on USDJPY within 2 hours following the event release at 04 Sep 11:30 GMT+10. We expect USDJPY to trend upwards 2 hours following the event release at 04 Sep 11:30 GMT+10 if the released value is > 3.3%

Historical events that allowed us to draw this conclusion

06 May 11:30
11 Jan 11:30

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