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We expect a $288 movement on USDJPY within 4 hours following the release of Michigan Consumer Sentiment Prel.

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”).

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