Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a 25 pip movement on FV within 48 hours following the event release at 22 May 03:00 UTC. We expect FV to trend upwards 48 hours following the event release at 22 May 03:00 UTC if the released value is = -0.1%
Historical events that allowed us to draw this conclusion
27 Apr 04:00 |
21 Jan 03:00 |
31 Oct 04:00 |
19 Sep 03:00 |
25 Apr 03:00 |
15 Mar 03:00 |
23 Jan 03:00 |
20 Dec 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
