Based on the last 12 Inflation Rate YoY events in Japan, we expect 6S to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect 6S to trend downwards 4 hours following the event release at 20 Aug 23:30 if the released value is > 0.1%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
23 Apr 23:30 |
23 Jan 23:30 |
19 Dec 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
