Based on the last 12 Inflation Rate YoY events in Japan, we expect NG to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect NG to trend downwards for the next 4 hours because the released value is > -0.3%. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
19 Jul 23:30 |
18 Feb 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
