Based on the last 12 Retail Sales MoM events in United States, we expect USDJPY to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend upwards 12 hours following the event release at 2022-12-16 00:30 if the released value is < -0.1%. A price movement of 79 pips is expected. Historical events that allowed us to draw this conclusion

14 Oct 23:30	14 Apr 22:30
16 Mar 23:30	15 Jan 00:30
16 Dec 00:30

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