We expect USDJPY to trend upwards later today. Based on these past Germany ZEW Economic Sentiment Index news events there is a 75% chance of this. We expect this to happen if the released value is > 12.8. A price movement of 125 pips is expected.
Historical events that allowed us to draw this conclusion
15 Oct 09:00 |
16 Apr 09:00 |
19 Mar 10:00 |
13 Feb 10:00 |
16 Jan 10:00 |
12 Dec 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
