Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 2023-03-10 03:00 if the released value is = -0.1%. A price movement of 126 pips is expected.
Historical events that allowed us to draw this conclusion
20 Dec 03:00 |
21 Jul 03:00 |
17 Jun 03:00 |
28 Apr 03:00 |
18 Mar 03:00 |
18 Jan 03:00 |
17 Dec 03:00 |
22 Sep 03:00 |
16 Jul 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
