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We expect a 353 pip movement on BO within 48 hours following the event release.

Based on the last 12 Consumer Confidence events in Japan, we expect a $198 movement on BO within 48 hours following the event release at 2025-07-31 05:00. We expect BO to trend upwards 48 hours following the event release at 2025-07-31 05:00 if the released value is < 35.1 Historical events that allowed us to draw this conclusion

01 May 05:00
09 Apr 05:00
29 Jan 05:00
08 Jan 05:00
30 Oct 05:00
02 Oct 05:00

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

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