Based on the last 12 Consumer Confidence events in Japan, we expect a 83 pip movement on USDCAD within 48 hours following the event release at 08 Apr 15:00 GMT+10. We expect USDCAD to trend downwards 48 hours following the event release at 08 Apr 15:00 GMT+10 if the released value is > 36

Historical events that allowed us to draw this conclusion

02 Dec 16:00	02 Oct 15:00
31 Aug 15:00	31 Jul 15:00

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