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Based on the last 12 Ifo Business Climate events in Germany, we expect a $439 movement on USDJPY within 4 hours following the event release at 2023-05-24 08:00. We expect USDJPY to trend upwards 4 hours following the event release at 2023-05-24 08:00 if the released value is < 93 Historical events that allowed us to draw this conclusion
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