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We expect USDJPY to trend upwards right now.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect USDJPY to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend upwards for the next 2 hours because the released value is > 92. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

13 Sep 14:00
17 May 14:00
15 Mar 14:00
15 Feb 15:00

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

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