Based on past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of USDJPY trending downwards. We expect this to happen if the released value is > -0.9%. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
09 Aug 09:50 |
20 May 09:50 |
10 Aug 09:50 |
18 May 09:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).