Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect a $1,186.68 movement on USDJPY within 4 hours following the event release at 10 Dec 23:45. We expect USDJPY to trend upwards 4 hours following the event release at 10 Dec 23:45 if the released value is = 0%

Historical events that allowed us to draw this conclusion

29 Oct 23:45	10 Sep 21:45
04 Jun 21:45	30 Apr 21:45
12 Mar 23:45	12 Dec 23:45
12 Sep 21:45	25 Jul 21:45

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