Based on past Germany ZEW Economic Sentiment Index news events there is a 83.33% chance of USDJPY trending upwards. We expect this to happen because the released value is < -10.5. A price movement of 206 pips is expected. Historical events that allowed us to draw this conclusion
16 May 09:00 |
18 Apr 09:00 |
21 Mar 10:00 |
13 Sep 09:00 |
16 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
