Based on the last 12 Consumer Confidence events in Japan, we expect a $560 movement on USDCAD within 12 hours following the event release at 2023-01-31 05:00. We expect USDCAD to trend upwards 12 hours following the event release at 2023-01-31 05:00 if the released value is > 30.5
Historical events that allowed us to draw this conclusion
05 Jan 05:00 |
31 Aug 05:00 |
02 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
