We expect ZN to trend upwards later today. Based on these past Japan Tankan Large Manufacturers Index news events there is a 71.43% chance of this. We expect this to happen if the released value is < 15. A price movement of 72 pips is expected. Historical events that allowed us to draw this conclusion
30 Jun 23:50 |
12 Dec 23:50 |
30 Jun 23:50 |
30 Sep 23:50 |
01 Jul 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
