Based on past United States New Home Sales news events there is a 80% chance of USDJPY trending upwards. We expect this to happen if the released value is > 0.81M. A price movement of 56 pips is expected.

Historical events that allowed us to draw this conclusion

27 Oct 01:00	25 Sep 00:00
25 Aug 00:00	24 Apr 00:00

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