Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect USDCAD to trend downwards. Based on these past events there is a 85.71% chance of this. We expect USDCAD to trend downwards for 48 hours because the released value is < -23. A price movement of 107 pips is expected. Historical events that allowed us to draw this conclusion

01 Jul 09:50	13 Dec 10:50
01 Apr 10:50	01 Oct 09:50
02 Jul 09:50	02 Apr 09:50

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