United Kingdom GfK Consumer Confidence News Event – a possible $468 movement on USDJPY

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $468 movement on USDJPY within 4 hours following the event release at 24 Jul 09:01. We expect USDJPY to trend downwards 4 hours following the event release at 24 Jul 09:01 if the released value is > -26

Historical events that allowed us to draw this conclusion

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

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