Based on the last 12 Inflation Rate YoY events in Japan, we expect BO to trend upwards later today. Based on these past events there is a 75% chance of this. We expect BO to trend upwards 12 hours following the event release at 23 Dec 23:30 if the released value is > 0.4%. A price movement of 176 pips is expected.
Historical events that allowed us to draw this conclusion
21 Oct 23:30 |
19 Jul 23:30 |
17 Jun 23:30 |
18 Feb 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
