We expect RA to trend downwards for the next 48 hours. Based on these past Japan Tankan Large Manufacturers Index news events there is a 80% chance of this. We expect this to happen because the released value is > -10. A price movement of 0 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”).
