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”).