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We expect RB to trend upwards today with a 66.67% chance.

Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect RB to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect RB to trend upwards 48 hours following the event release at 16 Jun 03:00 if the released value is = -0.1%. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

22 May 03:00
27 Apr 04:00
19 Dec 03:00
31 Oct 04:00
19 Sep 03:00
30 Jul 03:00
20 Jun 03:00
15 Mar 03:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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