We expect a $137.25 movement on USDJPY within 4 hours following the release of Consumer Confidence at 04 May 17:00. We expect USDJPY to trend upwards 4 hours following the event release at 04 May 17:00 if the released value is > 1.5. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

04 Feb 19:00	01 Feb 17:45
01 Nov 17:45

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