Based on the last 12 Inflation Rate YoY events in Japan, we expect NE to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NE to trend downwards 48 hours following the event release at 21 Apr 23:30 if the released value is > 1.1%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
17 Mar 23:30 |
20 Jan 23:30 |
23 Dec 23:30 |
17 Jun 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
