Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDJPY to trend downwards. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend downwards for 2 hours because the released value is > -27. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
17 Sep 09:00 |
16 Apr 09:00 |
19 Feb 10:00 |
22 Jan 10:00 |
13 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
