Based on the last 12 Existing Home Sales events in United States, we expect USDJPY to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 23 Jun 00:00 if the released value is > 4.1M. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

22 May 00:00	22 Feb 02:00
23 Jan 02:00	20 Sep 00:00
22 Jun 00:00

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