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Want to know why USDJPY is going up today?

Want to know why USDJPY is going up today?

Based on the last 12 ZEW Economic Sentiment Index events in DE, we expect a $71.44 movement on USDJPY within 2 hours following the event release at 16 Oct 09:00.
We expect USDJPY to trend up 2 hours following the event release at 16 Oct 09:00 if the released value is < -12 Historical events that allowed us to draw this conclusion

10 Jul 09:00
 
12 Jun 09:00
 
17 Apr 09:00
 
20 Mar 10:00
 
17 Oct 09:00
 

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

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