Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a 6 pip movement on USDJPY within 2 hours following the event release at 14 Aug 08:30 UTC. We expect USDJPY to trend upwards 2 hours following the event release at 14 Aug 08:30 UTC if the released value is = 1.9%
Historical events that allowed us to draw this conclusion
17 Jul 08:30 |
19 Jun 08:30 |
16 Jan 09:30 |
19 Dec 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
