We expect CRD to trend upwards today.

Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect CRD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect CRD to trend upwards 2 hours following the event release at 30 Jun 23:50 if the released value is < -31. A price movement of 20 pips is expected.Historical events that allowed us to draw this conclusion

12 Dec 23:50
30 Jun 23:50
31 Mar 23:50
30 Sep 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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