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We expect NIY to trend downwards with a 71.43% chance.

Based on past Japan Consumer Confidence news events there is a 71.43% chance of NIY trending downwards. We expect this to happen because the released value is < 34. A price movement of 11750 pips is expected. Historical events that allowed us to draw this conclusion

29 Jun 05:00
03 Mar 05:00
31 Jan 05:00
05 Jan 05:00
02 Dec 05:00

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

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