We expect USDJPY to trend upwards for the next 4 hours. Based on these past Euro Area Consumer Confidence Flash news events there is a 80% chance of this. We expect this to happen because the released value is < -25.8. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion

21 Jul 00:00	23 Jun 00:00
24 Mar 02:00	19 Feb 02:00
22 Dec 02:00

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