Based on the last 12 Consumer Confidence events in Japan, we expect OJ to trend downwards later today. Based on these past events there is a 75% chance of this. We expect OJ to trend downwards 48 hours following the event release at 31 Aug 05:00 if the released value is > 29. A price movement of 530 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”).
