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We expect a $730 movement on NZDUSD within 48 hours following the release of BoJ Interest Rate Decision.

We expect a $730 movement on NZDUSD within 48 hours following the release of BoJ Interest Rate Decision at 18 Jan 03:00. We expect NZDUSD to trend downwards 48 hours following the event release at 18 Jan 03:00 if the released value is = -0.1%. A price movement of 73 pips is expected.

Historical events that allowed us to draw this conclusion

17 Dec 03:00
16 Jul 03:00
18 Jun 03:00
19 Mar 03:00
21 Jan 03:00
18 Dec 03:45
29 Oct 03:00
15 Jul 03:00
16 Jun 02:45

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

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