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There is a 80% chance of SI trending downwards

Based on past Japan Tankan Large Manufacturers Index news events there is a 80% chance of SI trending downwards. We expect this to happen if the released value is > 15. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

31 Mar 23:50
13 Dec 23:50
30 Sep 23:50
13 Dec 23:50

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

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