Want to know why USDJPY is going downwards today?

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $298.84 movement on USDJPY within 4 hours following the event release at 20 Nov 11:01. We expect USDJPY to trend downwards 4 hours following the event release at 20 Nov 11:01 if the released value is < -34 Historical events that allowed us to draw this conclusion

23 Oct 10:01
21 Aug 09:01
24 Jul 09:01

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