Based on the last 12 Consumer Confidence events in Japan, we expect a 225 pip movement on S within 2 hours following the event release at 04 Mar 05:00 UTC. We expect S to trend downwards 2 hours following the event release at 04 Mar 05:00 UTC if the released value is > 30.8
Historical events that allowed us to draw this conclusion
02 Dec 05:00 |
02 Oct 05:00 |
31 Aug 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
