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We expect EURUSD to trend upwards for the next 48 hours.

Based on the last 12 Inflation Rate YoY events in Japan, we expect EURUSD to trend upwards for the next 48 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is > 0.7%

Historical events that allowed us to draw this conclusion

20 Jan 23:30
23 Dec 23:30
17 Jun 23:30

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

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