Based on the last 12 Consumer Confidence events in Japan, we expect EMD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EMD to trend downwards 12 hours following the event release at 08 Jan 05:00 if the released value is > 38. A price movement of 2,075 pips is expected.
Historical events that allowed us to draw this conclusion
29 Nov 05:00 |
09 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
