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We expect DX to trend downwards today with a 66.67% chance.

We expect DX to trend downwards later today. Based on these past Japan Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen if the released value is < 25.1. A price movement of 5 pips is expected. Historical events that allowed us to draw this conclusion

30 Apr 05:00
06 Apr 05:20
03 Mar 05:00
29 Aug 05:00
31 Jul 05:00
31 May 05:00

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

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