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We expect NIY to trend upwards with a 71.43% chance.

Based on past Japan GDP Growth Rate QoQ Prel news events there is a 71.43% chance of NIY trending upwards. We expect this to happen because the released value is < 0.3%. A price movement of 39750 pips is expected. Historical events that allowed us to draw this conclusion

14 Nov 23:50
14 Aug 23:50
14 Feb 23:50
14 Nov 23:50
17 May 23:50

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

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We expect a $250 movement on NZDUSD within the next 4 hours.

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