Based on the last 12 BoE Interest Rate Decision events in GB, we expect USDJPY to trend down later today. Based on these past events there is a 83.3% of this.
We expect USDJPY to trend down 2 hours following the event release at 01 Nov 12:00 if the released value is = 0.75%. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
13 Sep 11:00 |
02 Aug 11:00 |
21 Jun 11:00 |
10 May 11:00 |
22 Mar 12:00 |
08 Feb 12:00 |
02 Nov 12:00 |
14 Sep 11:00 |
03 Aug 11:00 |
11 May 11:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
