Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect a 11 pip movement on EURUSD for the next 4 hours. We expect EURUSD to trend downwards for 4 hours because the released value is > -15

Historical events that allowed us to draw this conclusion

01 Apr 10:50	01 Oct 09:50
14 Dec 10:50

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