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This Wednesday 17 Feb at 01:30 PM GMT the latest US Retail Sales MoM number will be released.
If the number is less than than economists’ consensus there is a 75% probability that USDJPY will trend up following the news event.
This probability is based on the last 12 US Retail Sales MoM events, in which 6 of the last 8 events where the actual number was less than than the economist consensus resulted in an up trend of USDJPY.
Here are images of the past events:
Friday 15 Jan at 01:30 PM GMT:
Wednesday 16 Dec at 01:30 PM GMT:
Tuesday 17 Nov at 01:30 PM GMT:
Friday 15 May at 12:30 PM GMT:
Wednesday 15 Apr at 12:30 PM GMT:
Tuesday 17 Mar at 12:30 PM GMT:
Disclaimer: Past performance may not be indicative of future performance