Based on the last 12 Consumer Confidence events in Japan, 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 4 hours following the event release at 29 May 15:00 if the released value is > 25.1. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jan 16:00

29 Nov 16:00

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