Based on past Japan BoJ Interest Rate Decision news events there is a 75% chance of HE trending downwards. We expect this to happen because the released value is = -0.1%. A price movement of 1907 pips is expected.
Historical events that allowed us to draw this conclusion
22 Sep 03:00 |
16 Jun 03:00 |
28 Apr 04:00 |
10 Mar 03:00 |
22 Sep 03:00 |
21 Jul 03:00 |
17 Jun 03:00 |
28 Apr 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
