Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect AUDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards 12 hours following the event release at 01 Apr 10:50 if the released value is > -10. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

01 Oct 09:50	14 Dec 10:50
02 Oct 10:50	03 Jul 09:50

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