Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDJPY to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend downwards 2 hours following the event release at 14 Dec 10:00 if the released value is > -4.4%. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

14 Sep 09:00

16 Apr 09:00

12 Mar 10:00

12 Dec 10:00