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We expect a $104 movement on USDCAD within the next 2 hours.

Based on the last 12 Tankan Large Manufacturers Index events in Japan, we could see a $104 movement on USDCAD within the next 2 hours. We may see USDCAD trend upwards for 2 hours because the released value is > 6

Historical events that allowed us to draw this conclusion

13 Dec 23:50
31 Mar 23:50
30 Sep 23:50
31 Mar 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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