We expect HO to trend upwards later today. Based on these past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of this. We expect this to happen if the released value is > 2.3%. A price movement of 3 pips is expected.
Historical events that allowed us to draw this conclusion
15 Nov 23:50 |
17 May 23:50 |
08 Aug 23:50 |
09 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
