Based on past Germany ZEW Economic Sentiment Index news events there is a 80% chance of USDJPY trending downwards. We expect this to happen because the released value is > -53.8. A price movement of 72 pips is expected.

Historical events that allowed us to draw this conclusion

10 May 19:00	12 Apr 19:00
18 Jan 21:00	07 Dec 21:00

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