Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a $720 movement on EURUSD within 12 hours following the event release at 2023-09-22 03:00. We expect EURUSD to trend downwards 12 hours following the event release at 2023-09-22 03:00 if the released value is = -0.1%
Historical events that allowed us to draw this conclusion
16 Jun 03:00 |
20 Dec 03:00 |
28 Oct 03:00 |
22 Sep 03:00 |
21 Jul 03:00 |
17 Jun 03:00 |
28 Apr 03:00 |
18 Mar 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
