Based on the last 12 Inflation Rate YoY events in Japan, we expect NZDUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 22 Apr 09:30 if the released value is > 1.1%. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

18 Mar 10:30	21 Jan 10:30
24 Dec 10:30	20 Jul 09:30
18 Jun 09:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).