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Want to know why USDJPY is going up today?

Want to know why USDJPY is going up today?

Based on the last 12 Consumer Confidence events in CH, we expect a $80.73 movement on USDJPY within 2 hours following the event release at 03 May 05:45.
We expect USDJPY to trend up 2 hours following the event release at 03 May 05:45 if the released value is > -2

Historical events that allowed us to draw this conclusion

01 Feb 06:45
 
01 Nov 06:45
 
01 Feb 06:45
 
07 Feb 06:45
 

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

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Important support line being approached by JPN225. This price has been tested numerous time in the last 3 days

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