Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect USDJPY to trend downwards later today. Based on these past events there is a 66.67% chance of this. This will happen if the released value is = -0.1%
Historical events that allowed us to draw this conclusion
20 Jun 03:00 |
25 Apr 03:00 |
15 Mar 03:00 |
20 Dec 03:00 |
19 Sep 03:00 |
15 Jun 03:00 |
27 Apr 03:00 |
23 Jan 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
