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Based on past United States New Home Sales news events there is a 83.33% chance of USDJPY trending upwards. We expect this to happen if the released value is < 0.65M. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion
24 Aug 00:00 |
27 Jul 00:00 |
25 May 00:00 |
27 Apr 00:00 |
24 Mar 01:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).