United Kingdom GfK Consumer Confidence News Event – a possible $464.5 movement on USDJPY

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $464.5 movement on USDJPY within the next 4 hours. We expect USDJPY to trend downwards for 4 hours because the released value is > -40

Historical events that allowed us to draw this conclusion

28 Feb 11:01
20 Dec 11:01
27 Sep 09:01
31 Jul 09:01
31 May 09:01

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