We expect USDJPY to trend upwards later today. Based on these past Italy GDP Growth Rate QoQ Adv news events there is a 66.67% chance of this. We expect this to happen if the released value is < 2%. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

31 Jan 21:00

30 Oct 20:00

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