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We expect LE to trend upwards right now.

Based on the last 12 BoJ Interest Rate Decision events in Japan, we could see a $382 movement on LE within the next 2 hours. LE could trend upwards for the next 2 hours because the released value is = 0.5%

Historical events that allowed us to draw this conclusion

19 Mar 03:00
24 Jan 03:30
31 Oct 03:00
20 Sep 03:00
14 Jun 03:25
26 Apr 03:00
19 Mar 03:00
23 Jan 03:00
19 Dec 03:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a $840 movement on GBPUSD within the next 12 hours.

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