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We expect a 0 pip movement on BR within 4 hours following the event release.

Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect a 0 pip movement on BR within 4 hours following the event release at 31 Mar 23:50 UTC. We expect BR to trend upwards 4 hours following the event release at 31 Mar 23:50 UTC if the released value is > -10

Historical events that allowed us to draw this conclusion

30 Sep 23:50
13 Dec 23:50
14 Dec 23:50
01 Oct 23:50
02 Jul 23:50

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

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Silver MAY 2020 – approaching a price line that has been previously tested numerous times in the past

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We expect RA to trend downwards for the next 48 hours.

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