We expect EURUSD to trend upwards for the next 4 hours. Based on these past Japan Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen because the released value is < 3.7%. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion
17 Apr 23:30 |
17 Oct 23:30 |
22 Aug 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
