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There is a 87.5% chance of USDJPY trending upwards

Based on the last 12 Durable Goods Orders MoM events in United States, USDJPY may trend upwards for the next 4 hours. Based on these past events there is a 87.5% chance of this. This may happen because the released value is > -0.1%

Historical events that allowed us to draw this conclusion

24 Apr 12:30
26 Mar 12:30
22 Dec 13:30
26 Oct 12:30
27 Sep 12:30
27 Jul 12:30
27 Jun 12:30

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

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After experiencing a 12.27% bearish move in the space of 21 days, nobody knows where BTCUSD is headed.

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We expect HE to trend upwards right now.

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