We expect a $510.95 movement on USDJPY within 4 hours following the release of Durable Goods Orders MoM at 24 Apr 22:30. We expect USDJPY to trend upwards 4 hours following the event release at 24 Apr 22:30 if the released value is > -11.9%. A price movement of 55 pips is expected.

Historical events that allowed us to draw this conclusion

25 Mar 23:30	28 Feb 00:30
29 Jan 00:30	28 Nov 00:30
26 Aug 22:30	25 Jul 22:30

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