Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect GF to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect GF to trend upwards for the next 48 hours because the released value is = -0.1%. A price movement of 1,085 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jul 03:00 |
18 Jun 03:00 |
19 Mar 03:00 |
21 Jan 03:00 |
29 Oct 03:00 |
15 Jul 03:00 |
16 Jun 02:45 |
22 May 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
