Based on the last 12 BoJ Interest Rate Decision events in Japan, SM could experience an upwards trend. Based on these past events there is a 70% chance of this, and the trend could last 4 hours because the released value is = 0.5%.
Historical events that allowed us to draw this conclusion
31 Jul 03:00 |
17 Jun 03:00 |
01 May 03:00 |
19 Dec 03:00 |
31 Oct 03:00 |
20 Sep 03:00 |
14 Jun 03:25 |
19 Mar 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
