We expect a $211 movement on USDJPY within the next 4 hours. We expect USDJPY to trend upwards 4 hours following the GDP Growth Rate QoQ events in Switzerland release because the released value is > 0.4%. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
31 May 17:00 |
26 Feb 19:00 |
01 Dec 17:45 |
27 Aug 15:45 |
03 Mar 17:45 |
05 Sep 15:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).