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This Monday 17 May at 11:50 PM GMT the latest JP GDP Growth Rate QoQ Prel number will be released.
If the number is less than than economists’ consensus there is a 80% probability that USDJPY will trend up following the news event.
This probability is based on the last 12 JP GDP Growth Rate QoQ Prel events, in which 4 of the last 5 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:
Sunday 16 Feb at 11:50 PM GMT:
Wednesday 13 Nov at 11:50 PM GMT:
Wednesday 13 Feb at 11:50 PM GMT:
Tuesday 15 May at 11:50 PM GMT:
Disclaimer: Past performance may not be indicative of future performance