Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect a $130 movement on EURUSD within 4 hours following the event release at 2023-05-17 09:50. We expect EURUSD to trend upwards 4 hours following the event release at 2023-05-17 09:50 if the released value is > 0.1%

Historical events that allowed us to draw this conclusion

16 Aug 09:50	15 Feb 10:50
16 Nov 10:50	18 May 09:50

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