Based on the last 12 Inflation Rate YoY events in Japan, we expect AUDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend downwards 12 hours following the event release at 2023-07-20 23:30 if the released value is < 3.5%. A price movement of 72 pips is expected. Historical events that allowed us to draw this conclusion
22 Jun 23:30 |
20 Oct 23:30 |
21 Jul 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
