Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $118.3 movement on USDJPY within 2 hours following the event release at 07 Sep 19:00. We expect USDJPY to trend downwards 2 hours following the event release at 07 Sep 19:00 if the released value is < 30 Historical events that allowed us to draw this conclusion

10 Aug 19:00	06 Jul 19:00
08 Jun 19:00	10 Nov 21:00

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