Japan Consumer Confidence News Event – a possible $228.888 movement on USDCAD

Based on the last 12 Consumer Confidence events in Japan, we expect a $228.888 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards for 4 hours because the released value is < 35 Historical events that allowed us to draw this conclusion

29 Oct 16:00
29 May 15:00
30 Apr 15:00
03 Mar 16:00
29 Jan 16:00

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