We expect UB to trend upwards later today. Based on these past Japan Consumer Confidence news events there is a 83.33% chance of this. We expect this to happen if the released value is < 36.1. A price movement of 112 pips is expected. Historical events that allowed us to draw this conclusion
01 Dec 05:00 |
31 Oct 05:00 |
30 Sep 05:00 |
29 Jul 05:00 |
29 Jun 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
