Japan Consumer Confidence News Event – a possible $780 movement on AUDUSD

Based on the last 12 Consumer Confidence events in Japan, we expect a $780 movement on AUDUSD within 48 hours following the event release at 2022-09-30 15:00. We expect AUDUSD to trend downwards 48 hours following the event release at 2022-09-30 15:00 if the released value is < 34 Historical events that allowed us to draw this conclusion

29 Jul 15:00
29 Jun 15:00
08 Apr 15:00
05 Jan 16:00
02 Dec 16:00

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