Based on the last 12 GDP Growth Rate QoQ events in Switzerland, we expect USDJPY to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDJPY to trend upwards 2 hours following the event release at 27 Aug 15:45 if the released value is < -8.6%. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion
03 Jun 15:45 |
29 Nov 17:45 |
05 Sep 15:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).