Based on the last 12 Consumer Confidence events in Japan, we expect DX to trend upwards later today. Based on these past events there is a 75% chance of this. We expect DX to trend upwards 12 hours following the event release at 31 Aug 05:00 if the released value is < 37. A price movement of 65 pips is expected. Historical events that allowed us to draw this conclusion
30 Apr 05:00 |
06 Jan 05:00 |
29 Oct 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
