We expect a 18 pip movement on NZDUSD within 2 hours following the event release.

Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect a 18 pip movement on NZDUSD within 2 hours following the event release at 30 Jun 23:50 GMT. We expect NZDUSD to trend downwards 2 hours following the event release at 30 Jun 23:50 GMT if the released value is < -31Historical events that allowed us to draw this conclusion

12 Dec 23:50
30 Jun 23:50
30 Sep 23:50
01 Jul 23:50
01 Apr 23:50

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

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