We expect USDJPY to trend downwards for the next 4 hours. Based on these past Germany Ifo Business Climate news events there is a 71.43% chance of this. We expect this to happen because the released value is < 90.2. A price movement of 59 pips is expected. Historical events that allowed us to draw this conclusion

24 Jun 18:00	25 Mar 20:00
24 Nov 20:00	25 Aug 18:00
26 Jul 18:00

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