Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect OJ to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect OJ to trend upwards 12 hours following the event release at 29 Oct 03:00 if the released value is = -0.1%. A price movement of 602 pips is expected.
Historical events that allowed us to draw this conclusion
17 Sep 03:00 |
15 Jul 03:00 |
16 Jun 02:45 |
22 May 03:00 |
27 Apr 04:00 |
16 Mar 05:00 |
21 Jan 03:00 |
19 Dec 03:00 |
31 Oct 04:00 |
19 Sep 03:00 |
30 Jul 03:00 |
20 Jun 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
