We expect a 5 pip movement on AUDUSD within 12 hours following the event release.

Based on the last 12 Consumer Confidence events in Japan, we expect a 5 pip movement on AUDUSD within 12 hours following the event release at 29 Aug 05:00 UTC. We expect AUDUSD to trend downwards 12 hours following the event release at 29 Aug 05:00 UTC if the released value is < 37.6Historical events that allowed us to draw this conclusion

31 Jul 05:00
01 Jul 05:00
01 Mar 05:00
30 Nov 05:00
31 Oct 05:00
29 Aug 05:00

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

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