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We expect a 39 pip movement on HE within 2 hours following the event release.

We expect a $104 movement on HE within 2 hours following the release of Tankan Large Manufacturers Index at 2025-06-30 23:50. We expect HE to trend downwards 2 hours following the event release at 2025-06-30 23:50 if the released value is > 10. A price movement of 39 pips is expected.

Historical events that allowed us to draw this conclusion

12 Dec 23:50
30 Jun 23:50
12 Dec 23:50
01 Oct 23:50
13 Dec 23:50

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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