Based on the last 12 Inflation Rate YoY events in Japan, we expect CC to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect CC to trend downwards 2 hours following the event release at 2023-05-18 23:30 if the released value is > 2.5%. A price movement of 3250 pips is expected.
Historical events that allowed us to draw this conclusion
23 Feb 23:30 |
18 Aug 23:30 |
19 May 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
