Based on past Japan BoJ Interest Rate Decision news events there is a 72.73% chance of USDJPY trending upwards. We expect this to happen if the released value is = 0.5%. A price movement of 124 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jul 03:00 |
01 May 03:00 |
19 Mar 03:00 |
19 Dec 03:00 |
20 Sep 03:00 |
14 Jun 03:25 |
26 Apr 03:00 |
19 Mar 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
