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We expect CL to trend upwards today with a 75% chance.

Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect CL to trend upwards later today. Based on these past events there is a 75% chance of this. We expect CL to trend upwards 12 hours following the event release at 13 Dec 23:50 if the released value is < -15. A price movement of 51 pips is expected. Historical events that allowed us to draw this conclusion

30 Jun 23:50
12 Dec 23:50
30 Jun 23:50
31 Mar 23:50
01 Jul 23:50
01 Apr 23:50

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

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