We expect USDJPY to trend upwards later today. Based on these past United States Inflation Rate YoY news events there is a 80% chance of this. We expect this to happen if the released value is < 1.7%. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
10 Oct 12:30 |
12 Sep 12:30 |
12 Jun 12:30 |
12 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
