We expect AUDUSD to trend downwards today.

Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect AUDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend downwards 2 hours following the event release at 17 Sep 03:00 if the released value is = -0.1%. A price movement of 43 pips is expected.

Historical events that allowed us to draw this conclusion

15 Jul 03:00
16 Jun 02:45
22 May 03:00
16 Mar 05:00
31 Oct 04:00
30 Jul 03:00
20 Jun 03:00
25 Apr 03:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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