Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a 114 pip movement on GBPUSD within 12 hours following the event release at 18 Jan 03:00 UTC. We expect GBPUSD to trend downwards 12 hours following the event release at 18 Jan 03:00 UTC if the released value is = -0.1%
Historical events that allowed us to draw this conclusion
17 Dec 03:00 |
22 Sep 03:00 |
16 Jul 03:00 |
18 Jun 03:00 |
19 Mar 03:00 |
18 Dec 03:45 |
29 Oct 03:00 |
16 Jun 02:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
