Based on past Japan Inflation Rate YoY news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen if the released value is = 0.3%. A price movement of 21 pips is expected.
Historical events that allowed us to draw this conclusion
22 Aug 23:30 |
18 Jul 23:30 |
23 May 23:30 |
21 Feb 23:30 |
17 Jan 23:30 |
20 Dec 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
