We expect OJ to trend downwards for the next 12 hours. Based on these past Japan Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is > -1%. A price movement of 200 pips is expected.
Historical events that allowed us to draw this conclusion
17 Sep 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
