Based on the last 12 Inflation Rate YoY events in Japan, we expect YM to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect YM to trend downwards 4 hours following the event release at 2023-02-23 23:30 if the released value is > 4.2%. A price movement of 7150 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 23:30 |
18 Aug 23:30 |
21 Apr 23:30 |
17 Mar 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
