Based on the last 12 BoJ Interest Rate Decision events in Japan, we could see a 128 pip movement on UB for the next 4 hours. UB could trend upwards for 4 hours because the released value is = -0.1%
Historical events that allowed us to draw this conclusion
28 Apr 03:00 |
18 Mar 03:00 |
17 Dec 03:00 |
18 Jun 03:00 |
19 Mar 03:00 |
21 Jan 03:00 |
18 Dec 03:45 |
29 Oct 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
