We expect USDJPY to trend upwards later today. Based on these past United Kingdom Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is < 1.8%. A price movement of 36 pips is expected. Historical events that allowed us to draw this conclusion
18 Sep 08:30 |
17 Apr 08:30 |
13 Feb 09:30 |
17 Oct 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
