We expect USDJPY to trend downwards for the next 4 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 83.33% chance of this. We expect this to happen because the released value is < 81.2. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

17 Jul 00:00	17 Apr 00:00
13 Feb 02:00	16 Jan 02:00
14 Nov 02:00

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