We expect USDJPY to trend downwards for the next 12 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. We expect this to happen because the released value is < 52.5. A price movement of 69 pips is expected. Historical events that allowed us to draw this conclusion

14 May 00:00	12 Feb 02:00
13 Nov 02:00	16 Oct 01:00
18 Sep 00:00	14 Aug 00:00

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