Trade with an edge around todays Japan GDP Growth Rate QoQ Prel news event

Based on past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of USDJPY trending downwards. We expect this to happen if the released value is > -0.9%. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

09 Aug 09:50
20 May 09:50
10 Aug 09:50
18 May 09:50

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