Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we could expect USDJPY to trend upwards later today. Based on these past events there is a 87.5% chance of this. We expect USDJPY to trend upwards 12 hours following the event release at 29 Apr 15:30 if the released value is > 0.3%. A price movement of 169 pips could result.

Historical events that allowed us to draw this conclusion

29 Oct 16:30	30 Jul 15:30
30 Apr 15:30	29 Jan 17:30
30 Oct 17:30	31 Jul 15:30
30 Oct 17:30

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