Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, 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 31 Jul 15:30 if the released value is = -15.3%. A price movement of 70 pips is expected.

Historical events that allowed us to draw this conclusion

30 Apr 15:30

31 Oct 17:30

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