Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect USDJPY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend upwards 2 hours following the event release at 20 May 14:00 if the released value is < -24. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion

23 Jan 15:00

20 Dec 15:00

23 Oct 14:00

22 Aug 14:00