We expect USDJPY to trend downwards later today. Based on these past Japan Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is = 3.7%. A price movement of 64 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 23:30 |
18 Apr 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
