Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDJPY to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect USDJPY to trend downwards 2 hours following the event release at 16 Feb 10:00 if the released value is > -0.5%. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
14 Dec 10:00 |
12 Nov 10:00 |
15 Sep 09:00 |
14 Jun 09:00 |
12 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
