Based on the last 12 Consumer Confidence events in Japan, we expect a 119 pip movement on USDCAD within 48 hours following the event release at 30 Apr 15:00 GMT+10. We expect USDCAD to trend upwards 48 hours following the event release at 30 Apr 15:00 GMT+10 if the released value is < 22.3 Historical events that allowed us to draw this conclusion

03 Mar 16:00	29 Jan 16:00
02 Oct 15:00	29 Aug 15:00
31 Jul 15:00	01 Jul 15:00

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