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We expect OJ to trend downwards today.

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”).

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