Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect USDJPY to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 28 Nov 13:00 if the released value is > 1.3%. A price movement of 59 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jul 12:00 |
30 Apr 12:00 |
28 Feb 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
