We expect ZW to trend upwards later today. Based on these past Japan Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is < 0.1%. A price movement of 3,887 pips is expected. Historical events that allowed us to draw this conclusion
21 May 23:30 |
18 Mar 23:30 |
21 Nov 23:30 |
17 Oct 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
