Trade with an edge around todays Japan Tankan Large Manufacturers Index news event

Based on past Japan Tankan Large Manufacturers Index news events there is a 80% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 13. A price movement of 64 pips is expected.

Historical events that allowed us to draw this conclusion

01 Apr 10:50
01 Apr 10:50
01 Oct 09:50
14 Dec 10:50

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