Japan Consumer Confidence News Event – a possible $330 movement on EURUSD

Based on the last 12 Consumer Confidence events in Japan, we expect a $330 movement on EURUSD within 2 hours following the event release at 29 Jan 05:00. We expect EURUSD to trend upwards 2 hours following the event release at 29 Jan 05:00 if the released value is > 31.2

Historical events that allowed us to draw this conclusion

02 Oct 05:00
31 Aug 05:00
31 Jul 05:00