We expect USDJPY to trend upwards today.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDJPY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend upwards 48 hours following the event release at 15 Sep 09:00 if the released value is < 69.8. A price movement of 243 pips is expected.Historical events that allowed us to draw this conclusion

17 Mar 10:00
18 Feb 10:00

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

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