We expect NIY to trend upwards later today. Based on these past Japan Consumer Confidence news events there is a 71.43% chance of this. We expect this to happen if the released value is < 32. A price movement of 27250 pips is expected. Historical events that allowed us to draw this conclusion
31 Oct 05:00 |
30 Sep 05:00 |
29 Jul 05:00 |
29 Jun 05:00 |
08 Apr 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
