Based on the last 12 Inflation Rate YoY events in Japan, we expect NZDUSD to trend downwards later today. Based on these past events there is a 77.78% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 19 Sep 23:30 if the released value is = 0.6%. A price movement of 42 pips is expected.
Historical events that allowed us to draw this conclusion
22 Aug 23:30 |
18 Jul 23:30 |
20 Jun 23:30 |
18 Apr 23:30 |
21 Feb 23:30 |
20 Dec 23:30 |
21 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
