We expect GBPUSD to trend downwards later today. Based on these past Japan BoJ Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = -0.1%. A price movement of 48 pips is expected.

Historical events that allowed us to draw this conclusion

20 Dec 14:00	28 Oct 14:00
22 Sep 13:00	17 Jun 13:00
28 Apr 13:00	18 Jan 14:00
17 Dec 14:00	22 Sep 13:00

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