Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect USDJPY to trend downwards later today. Based on these past events there is a 72.73% chance of this. We expect USDJPY to trend downwards 2 hours following the event release at 15 May 09:00 if the released value is = -3.8%. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

14 Feb 10:00

14 Aug 09:00

15 May 09:00

14 Nov 10:00

15 May 09:00

14 Feb 10:00

14 Nov 10:00

16 Aug 09:00