We expect USDJPY to trend upwards later today. Based on these past Japan Tankan Large Manufacturers Index news events there is a 83.33% chance of this. We expect this to happen if the released value is < -31. A price movement of 24 pips is expected. Historical events that allowed us to draw this conclusion

13 Dec 10:50	01 Apr 10:50
01 Oct 09:50	02 Jul 09:50
02 Apr 09:50

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