We expect EURUSD to trend upwards later today. Based on these past Japan Consumer Confidence news events there is a 75% chance of this. We expect this to happen if the released value is > 31.2. A price movement of 76 pips is expected.

Historical events that allowed us to draw this conclusion

02 Dec 16:00	02 Oct 15:00
31 Aug 15:00

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