Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect USDJPY to trend downwards right now. Based on these past events there is a 72.73% chance of this. This may happen because the released value is = -3.8%

Historical events that allowed us to draw this conclusion

14 Feb 21:00	14 Aug 19:00
15 May 19:00	14 Nov 21:00
15 May 19:00	14 Feb 21:00
14 Nov 21:00	16 Aug 19:00

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