Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect OJ to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect OJ to trend downwards 4 hours following the event release at 12 Dec 23:50 if the released value is < 2. A price movement of 262 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
