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We expect UB to trend upwards today with a 80% chance.

Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect a 78 pip movement on UB within 4 hours following the event release at 2023-07-02 23:50. We expect UB to trend upwards 4 hours following the event release at 2023-07-02 23:50 if the released value is > 3

Historical events that allowed us to draw this conclusion

13 Dec 23:50
30 Sep 23:50
31 Mar 23:50
13 Dec 23:50

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

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