Why you should close your USDJPY positions today

Past performance is not an indicator of future results.
Be very careful of upcoming volatility because of Australia Westpac Consumer Confidence Index news event later today. Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $126 movement on USDJPY within 4 hours following the event release at 10 Apr 01:30. We expect this to happen if the released value is > 97. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

12 Feb 23:30
11 Dec 23:30
13 Nov 23:30
11 Jul 01:30
13 Jun 01:30

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

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