Based on the last 12 Inflation Rate YoY events in Japan, we may expect SM to trend upwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because the released value is > 3.2%. A price movement of 19 pips may be experienced.
Historical events that allowed us to draw this conclusion
19 Dec 23:30 |
20 Jun 23:30 |
23 May 23:30 |
26 Feb 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
