Based on past Japan Inflation Rate YoY news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen because the released value is = 2.6%. A price movement of 21 pips is expected.
Historical events that allowed us to draw this conclusion
20 Apr 23:30 |
19 Jan 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
