EURUSD may trend downwards from 19 Nov 10:30

We expect EURUSD to trend downwards later today. Based on these past Japan Inflation Rate YoY news events there is a 71.43% chance of this. We expect this to happen if the released value is < 0.1%. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion

24 Sep 09:30
21 May 09:30
22 Jan 10:30
18 Dec 10:30
20 Nov 10:30

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