Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDJPY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend upwards 48 hours following the event release at 14 Oct 20:00 if the released value is < -7.2%. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

13 May 19:00	15 Jan 21:00
14 Oct 20:00

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