Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect a $420.9 movement on USDJPY within 4 hours following the event release at 17 Aug 19:00. We expect USDJPY to trend downwards 4 hours following the event release at 17 Aug 19:00 if the released value is = 2%

Historical events that allowed us to draw this conclusion

14 Aug 19:00	15 May 19:00
14 Nov 21:00	14 Aug 19:00
15 May 19:00	14 Feb 21:00

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