Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect USDJPY to trend downwards right now. Based on these past events there is a 88.89% chance of this. We expect USDJPY to trend downwards for the next 2 hours because the released value is < 72.4. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

16 Oct 01:00	18 Sep 00:00
14 Aug 00:00	17 Jul 00:00
17 Apr 00:00	13 Feb 02:00
16 Jan 02:00	14 Nov 02:00

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