Based on the last 12 Consumer Confidence events in Japan, we expect a 19 pip movement on GBPUSD within 2 hours following the event release at 31 May 15:00 GMT+10. We expect GBPUSD to trend upwards 2 hours following the event release at 31 May 15:00 GMT+10 if the released value is < 34 Historical events that allowed us to draw this conclusion

29 Jan 16:00	06 Jan 16:00
29 Oct 16:00	01 Jul 15:00
29 May 15:00

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