Based on the last 12 Inflation Rate YoY Prel events in Italy, we may expect USDJPY to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because the released value is = 1.7%. A price movement of 15 pips may be experienced.
Historical events that allowed us to draw this conclusion
29 Nov 10:00 |
31 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
