We expect EURUSD to trend downwards later today. Based on these past Japan Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen if the released value is > 29. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

31 Aug 15:00

31 May 15:00

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