Based on the last 12 Consumer Confidence events in Japan, we expect GBPUSD to trend downwards later today. Based on these past events there is a 87.5% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 08 Jan 16:00 if the released value is < 38. A price movement of 23 pips is expected. Historical events that allowed us to draw this conclusion

02 Oct 15:00	29 Aug 15:00
01 Jul 15:00	31 May 15:00
08 Apr 15:00	01 Mar 16:00
30 Jan 16:00