Based on the last 12 Inflation Rate YoY events in Japan, we could see a 20 pip movement on AUDUSD for the next 12 hours. AUDUSD could trend upwards for 12 hours because the released value is > 2.3%
Historical events that allowed us to draw this conclusion
26 Feb 23:30 |
21 Dec 23:30 |
23 Nov 23:30 |
18 May 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
