Based on the last 12 Consumer Confidence events in Japan, we expect USDJPY to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDJPY to trend downwards 12 hours following the event release at 29 Jan 16:00 if the released value is > 40.8. A price movement of 63 pips is expected.

Historical events that allowed us to draw this conclusion

29 Nov 16:00	31 Oct 16:00
09 May 15:00