Based on the last 12 Durable Goods Orders MoM events in United States, we expect USDJPY to trend downwards later today. Based on these past events there is a 77.78% chance of this. This may happen if the released value is > 0.6%

Historical events that allowed us to draw this conclusion

26 Nov 00:30	27 Oct 23:30
26 Aug 22:30	27 Jul 22:30
25 Jun 22:30	28 May 22:30
28 Feb 00:30

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