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We expect USDJPY to trend upwards today with a 77.78% chance.

Based on the last 12 Consumer Confidence events in Japan, we expect USDJPY to trend upwards later today. Based on these past events there is a 77.78% chance of this. This will happen if the released value is < 37.3 Historical events that allowed us to draw this conclusion

29 Aug 05:00
31 Jul 05:00
01 Jul 05:00
08 Apr 05:00
01 Mar 05:00
30 Jan 05:00
30 Nov 05:00

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

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