We expect USDJPY to trend upwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of this. We expect this to happen if the released value is > 63.1. A price movement of 43 pips is expected.
Historical events that allowed us to draw this conclusion
06 Dec 15:00 |
08 Nov 15:00 |
13 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
