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We expect USDJPY to trend downwards for the next 4 hours.

We expect USDJPY to trend downwards for the next 4 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. We expect this to happen because the released value is < 61.4. A price movement of 50 pips is expected. Historical events that allowed us to draw this conclusion

11 Feb 15:00
15 Oct 14:00
17 Sep 14:00
13 Aug 14:00
16 Jul 14:00
16 Apr 14:00

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

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