We expect a $272 movement on USDJPY within 2 hours following the release of Existing Home Sales at 2023-02-22 02:00. We expect USDJPY to trend upwards 2 hours following the event release at 2023-02-22 02:00 if the released value is < 4.1M. A price movement of 36 pips is expected. Historical events that allowed us to draw this conclusion

22 Dec 02:00	19 Aug 00:00
21 Jul 00:00	20 May 00:00

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