We expect a $650 movement on AUDUSD within 48 hours following the event release at 31 Jul 05:00.

Based on the last 12 Consumer Confidence events in Japan, we expect a $650 movement on AUDUSD within 48 hours following the event release at 31 Jul 05:00. We expect AUDUSD to trend upwards 48 hours following the event release at 31 Jul 05:00 if the released value is > 26

Historical events that allowed us to draw this conclusion

08 Jan 05:00
29 Nov 05:00

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

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