Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDJPY to trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > 75.2

Historical events that allowed us to draw this conclusion

11 May 19:00	16 Mar 21:00
19 Jan 21:00	15 Sep 19:00
11 Aug 19:00

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