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We expect USDJPY to trend downwards with a 71.43% chance.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDJPY to trend downwards. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend downwards for 2 hours because the released value is > -27. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

17 Sep 09:00
16 Apr 09:00
19 Feb 10:00
22 Jan 10:00
13 Nov 10:00

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

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