Based on the last 12 Inflation Rate YoY events in Japan, we expect ZB to trend downwards later today. Based on these past events there is a 80% chance of this. We expect ZB to trend downwards 48 hours following the event release at 2023-08-17 23:30 if the released value is > 2.5%. A price movement of 225 pips is expected.
Historical events that allowed us to draw this conclusion
18 May 23:30 |
17 Nov 23:30 |
19 Sep 23:30 |
18 Aug 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
