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There is a 66.67% chance of USDJPY trending upwards

Based on past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen because the released value is < 79. A price movement of 70 pips is expected. Historical events that allowed us to draw this conclusion

15 Mar 14:00
10 Nov 15:00
15 Sep 14:00
12 May 14:00

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

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After experiencing a 9.9% bullish move in the space of 26 days, nobody knows where Gold June 2024 is headed.

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We expect a 550 pip movement on SM for the next 12 hours.

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