Based on the last 12 Michigan Consumer Sentiment Prel 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. We expect USDJPY to trend downwards 12 hours following the event release at 12 Mar 02:00 if the released value is < 61.4. A price movement of 69 pips is expected. Historical events that allowed us to draw this conclusion

12 Feb 02:00	13 Nov 02:00
16 Oct 01:00	18 Sep 00:00
14 Aug 00:00	17 Jul 00:00
17 Apr 00:00

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