Based on the last 12 Inflation Rate YoY events in Japan, we could see a $700 movement on NZDUSD within the next 48 hours. NZDUSD could trend downwards for the next 48 hours because the released value is > 3.2%
Historical events that allowed us to draw this conclusion
23 Feb 23:30 |
17 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
