Based on the last 12 BoJ Interest Rate Decision events in Japan, we could see a 20 pip movement on NZDUSD for the next 4 hours. NZDUSD could trend upwards for 4 hours because the released value is = 0.5%
Historical events that allowed us to draw this conclusion
24 Jan 03:30 |
19 Dec 03:00 |
31 Oct 03:00 |
20 Sep 03:00 |
26 Apr 03:00 |
23 Jan 03:00 |
31 Oct 03:00 |
22 Sep 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
