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We expect a $700 movement on NZDUSD within the next 48 hours.

Based on the last 12 Inflation Rate YoY events in Japan, we could see a $700 movement on NZDUSD within the next 48 hours. NZDUSD could trend downwards for the next 48 hours because the released value is > 3.2%

Historical events that allowed us to draw this conclusion

23 Feb 23:30
17 Nov 23:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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There is a 75% chance of ES trending upwards

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There is a 75% chance of ES trending upwards

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