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We expect HO to trend upwards today with a 80% chance.

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”).

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