We expect BZ to trend upwards later today. Based on these past Japan Inflation Rate YoY news events there is a 83.33% chance of this. We expect this to happen if the released value is = 0.2%. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
20 Feb 23:30 |
18 Jul 23:30 |
20 Jun 23:30 |
23 May 23:30 |
18 Apr 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
