Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 13 Dec 10:50 if the released value is > 19. 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”).