Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a 1 pip movement on HG for the next 4 hours. We expect HG to trend upwards for 4 hours because the released value is = -0.1%
Historical events that allowed us to draw this conclusion
|19 Dec 03:00|
|20 Jun 03:00|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).