Based on the last 12 Consumer Confidence events in Japan, we expect a $490 movement on EURUSD within 12 hours following the event release at 31 May 15:00. We expect EURUSD to trend upwards 12 hours following the event release at 31 May 15:00 if the released value is > 34

Historical events that allowed us to draw this conclusion

08 Apr 15:00	02 Dec 16:00
02 Oct 15:00	31 Aug 15:00

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