Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect DX to trend upwards later today. Based on these past events there is a 75% chance of this. We expect DX to trend upwards 48 hours following the event release at 15 Nov 23:50 if the released value is > 4.4%. A price movement of 71 pips is expected.
Historical events that allowed us to draw this conclusion
08 Aug 23:50 |
19 May 23:50 |
09 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
