We expect USDJPY to trend upwards for the next 4 hours. Based on these past Japan Tankan Large Manufacturers Index news events there is a 66.67% chance of this. We expect this to happen because the released value is > 11. A price movement of 85 pips is expected.
Historical events that allowed us to draw this conclusion
31 Mar 23:50 |
13 Dec 23:50 |
31 Mar 23:50 |
30 Sep 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
