Based on the last 12 Consumer Confidence events in Japan, we expect a 40 pip movement on USDCAD within 4 hours following the event release at 02 Oct 15:00 GMT+10. We expect USDCAD to trend downwards 4 hours following the event release at 02 Oct 15:00 GMT+10 if the released value is > 32

Historical events that allowed us to draw this conclusion

31 Aug 15:00

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