We expect USDJPY to trend upwards today with a 80% chance.

Based on the last 12 Consumer Confidence events in Japan, we expect USDJPY to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 36

Historical events that allowed us to draw this conclusion

04 Mar 05:00
02 Dec 05:00
31 Aug 05:00
31 Jul 05:00

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

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