We expect USDJPY to trend upwards today with a 70% chance.

Based on the last 12 GDP Growth Rate QoQ Final events in United Kingdom, we expect USDJPY to trend upwards later today. Based on these past events there is a 70% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 30 Jun 06:00 if the released value is = -2%. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

31 Mar 06:00
30 Sep 08:30
28 Jun 08:30
29 Mar 09:30
21 Dec 09:30
22 Dec 09:30
29 Sep 08:30

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

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