Based on the last 12 Consumer Confidence events in Japan, we expect BO to trend downwards later today. Based on these past events there is a 75% chance of this. We expect BO to trend downwards 12 hours following the event release at 2022-08-31 05:00 if the released value is > 31. A price movement of 292 pips is expected.
Historical events that allowed us to draw this conclusion
31 May 05:00 |
02 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
