Based on the last 12 Inflation Rate YoY events in Japan, we may expect GC to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because the released value is < 2.8%. A price movement of 199 pips may be experienced. Historical events that allowed us to draw this conclusion
21 Aug 23:30 |
19 Jun 23:30 |
22 May 23:30 |
20 Mar 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
