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Based on the last 12 Interest Rate Decision events in New Zealand, we expect a 33 pip movement on USDJPY within 12 hours following the event release at 24 Feb 12:00 GMT+11. We expect USDJPY to trend upwards 12 hours following the event release at 24 Feb 12:00 GMT+11 if the released value is = 0.25%
Historical events that allowed us to draw this conclusion
11 Nov 12:00 |
12 Aug 12:00 |
24 Jun 12:00 |
12 Feb 12:00 |
25 Sep 12:00 |
26 Jun 12:00 |
08 May 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).