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Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 4 hours following the event release at 22 Sep 13:00 if the released value is = -0.1%. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jul 13:00 |
27 Apr 13:00 |
19 Mar 14:00 |
21 Jan 14:00 |
18 Dec 14:45 |
29 Oct 14:00 |
17 Sep 13:00 |
15 Jul 13:00 |
27 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).