Based on past Japan Inflation Rate YoY news events there is a 75% chance of GF trending downwards. We expect this to happen because the released value is > 2.6%. A price movement of 244 pips is expected.
Historical events that allowed us to draw this conclusion
18 Aug 23:30 |
23 Jun 23:30 |
19 May 23:30 |
20 Jan 23:30 |
23 Dec 23:30 |
21 Oct 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
