United States Existing Home Sales News Event – a possible $143.4 movement on USDJPY

Based on the last 12 Existing Home Sales events in United States, we expect a $143.4 movement on USDJPY within 4 hours following the event release at 23 Oct 01:00. We expect USDJPY to trend upwards 4 hours following the event release at 23 Oct 01:00 if the released value is < 6.3M Historical events that allowed us to draw this conclusion

23 Jul 00:00
23 Jun 00:00
22 Apr 00:00
22 Nov 02:00
23 Oct 01:00

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