Based on the last 12 Business Confidence events in Euro Area, we expect a 147 pip movement on USDJPY within 48 hours following the event release at 08 Jan 21:00 GMT+11. We expect USDJPY to trend upwards 48 hours following the event release at 08 Jan 21:00 GMT+11 if the released value is > -0.16

Historical events that allowed us to draw this conclusion

29 Aug 19:00

27 Feb 21:00