Based on the last 12 Inflation Rate YoY events in Japan, we expect a $60 movement on EURUSD within 2 hours following the event release at 22 Aug 23:30. We expect EURUSD to trend upwards 2 hours following the event release at 22 Aug 23:30 if the released value is = 0.5%
Historical events that allowed us to draw this conclusion
18 Jul 23:30 |
20 Jun 23:30 |
18 Apr 23:30 |
21 Feb 23:30 |
17 Jan 23:30 |
21 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
