Based on the last 12 Inflation Rate YoY events in Japan, NZDUSD could trend downwards later today. Based on these past events there is a 75% chance of this. If the released value is > 2.3% we could see NZDUSD trend downwards 2 hours following the event release at 23 Jun 23:30.
Historical events that allowed us to draw this conclusion
21 Apr 23:30 |
20 Jan 23:30 |
23 Dec 23:30 |
21 Oct 23:30 |
19 Jul 23:30 |
17 Jun 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
