We expect UB to trend downwards later today. Based on these past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of this. We expect this to happen if the released value is > 0.1%. A price movement of 55 pips is expected.
Historical events that allowed us to draw this conclusion
16 Feb 23:50 |
14 Aug 23:50 |
14 Aug 23:50 |
16 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
