Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDJPY to trend downwards right now. Based on these past events there is a 75% chance of this. This may happen because the released value is < 21.5 Historical events that allowed us to draw this conclusion

14 May 19:00

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