Based on past Japan BoJ Interest Rate Decision news events there is a 75% chance of HG trending downwards. We expect this to happen if the released value is = -0.1%. A price movement of 21 pips is expected.
Historical events that allowed us to draw this conclusion
21 Jan 03:00 |
18 Dec 03:45 |
29 Oct 03:00 |
15 Jul 03:00 |
16 Jun 02:45 |
27 Apr 04:00 |
16 Mar 05:00 |
21 Jan 03:00 |
19 Dec 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
