Based on past United States Michigan Consumer Sentiment Prel news events there is a 80% chance of USDJPY trending upwards. We expect this to happen if the released value is < 72. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion

09 Nov 02:00

17 Aug 00:00

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