We expect BZ to trend downwards for the next 48 hours. Based on these past Japan Tankan Large Manufacturers Index news events there is a 75% chance of this. We expect this to happen because the released value is > 2. A price movement of 255 pips is expected.
Historical events that allowed us to draw this conclusion
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”).
