Based on the last 12 Consumer Confidence events in Japan, we expect AUDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend upwards 48 hours following the event release at 31 Jul 15:00 if the released value is > 26. A price movement of 65 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jan 16:00

29 Nov 16:00

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