We expect USDJPY to trend upwards for the next 4 hours. Based on these past Japan BoJ Interest Rate Decision news events there is a 75% chance of this. We expect this to happen because the released value is = -0.1%. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
20 Jun 03:00 |
15 Mar 03:00 |
31 Oct 03:00 |
19 Sep 03:00 |
31 Jul 04:00 |
15 Jun 03:00 |
27 Apr 03:00 |
09 Mar 03:00 |
23 Jan 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
