Based on the last 12 Inflation Rate YoY events in Japan, we expect NZDUSD to trend downwards right now. Based on these past events there is a 75% chance of this. This will happen because 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 |
20 Dec 23:30 |
21 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
