Based on the last 12 Ifo Business Climate events in Germany, we expect USDJPY to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 86.8
Historical events that allowed us to draw this conclusion
23 May 08:00 |
22 Feb 09:00 |
25 Jan 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
