Based on past Japan BoJ Interest Rate Decision news events there is a 72.73% chance of EMD trending downwards. We expect this to happen if the released value is = 0.5%. A price movement of 350 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jun 03:00 |
01 May 03:00 |
19 Mar 03:00 |
24 Jan 03:30 |
31 Oct 03:00 |
20 Sep 03:00 |
14 Jun 03:25 |
19 Mar 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
