Based on the last 12 Consumer Confidence Flash events in Euro Area, USDJPY could trend upwards later today. Based on these past events there is a 80% chance of this. If the released value is > -21.5 we could see USDJPY trend upwards 2 hours following the event release at 20 May 14:00.

Historical events that allowed us to draw this conclusion

21 Apr 14:00

21 Jan 15:00

22 Sep 14:00

21 May 14:00