Based on the last 12 Inflation Rate YoY events in United Kingdom, we may expect USDJPY to trend upwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because the released value is > 2.1%. A price movement of 18 pips may be experienced.
Historical events that allowed us to draw this conclusion
17 Apr 06:00 |
18 Oct 06:00 |
21 Jun 06:00 |
24 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
