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 77.78% chance of this. We expect USDJPY to trend downwards for the next 2 hours because the released value is < 67.5. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

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

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