Based on the last 12 Business Confidence events in Euro Area, we expect USDJPY to trend upwards later today. Based on these past events there is a 77.78% chance of this. This may happen if the released value is < -0.05 Historical events that allowed us to draw this conclusion

30 Jan 21:00	08 Jan 21:00
28 Nov 21:00	27 Sep 19:00
30 Jul 19:00	28 May 19:00
28 Mar 21:00

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