Be very careful of upcoming volatility because of Japan Inflation Rate YoY news event later today. Based on the last 12 Inflation Rate YoY events in Japan, we expect a $4.894 movement on DX within 2 hours following the event release at 21 Nov 23:30. We expect this to happen if the released value is < 0.3%. A price movement of 5 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
