Based on the last 12 Inflation Rate YoY events in Japan, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 2024-11-21 23:30 if the released value is > 2.2%. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
20 Jun 23:30 |
23 May 23:30 |
21 Dec 23:30 |
23 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
