Euro Area Business Confidence News Event – a $403.92 opportunity on USDJPY

We expect a $403.92 movement on USDJPY within the next 4 hours. We expect USDJPY to trend upwards 4 hours following the Business Confidence events in Euro Area release because the released value is < -0.19. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 21:00
28 Nov 21:00
27 Sep 19:00
28 May 19:00
29 Apr 19:00
28 Mar 21:00
30 Jan 21:00