Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect RB to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect RB to trend upwards 48 hours following the event release at 16 Jun 03:00 if the released value is = -0.1%. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
22 May 03:00 |
27 Apr 04:00 |
19 Dec 03:00 |
31 Oct 04:00 |
19 Sep 03:00 |
30 Jul 03:00 |
20 Jun 03:00 |
15 Mar 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
