Based on past United States Existing Home Sales news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen if the released value is < 5.38M. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion

20 Dec 02:00	22 Nov 02:00
23 Oct 01:00

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