Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect EURUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < 4.4% Historical events that allowed us to draw this conclusion

17 Aug 09:50	14 Nov 10:50
16 May 09:50	14 Feb 10:50

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