United States Durable Goods Orders MoM News Event – a $198.66 opportunity on USDJPY

We expect a $198.66 movement on USDJPY within the next 2 hours. We expect USDJPY to trend upwards 2 hours following the Durable Goods Orders MoM events in United States release because the released value is < 2.8%. A price movement of 22 pips is expected. Historical events that allowed us to draw this conclusion

27 May 22:30
24 Mar 23:30
28 Jan 00:30
25 Sep 22:30

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