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There is a 66.67% chance of USDJPY trending upwards

Based on past Japan Inflation Rate YoY news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen if the released value is = 0.3%. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

22 Aug 23:30
18 Jul 23:30
23 May 23:30
21 Feb 23:30
17 Jan 23:30
20 Dec 23:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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