Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect USDJPY to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is = -0.1%

Historical events that allowed us to draw this conclusion

29 Oct 14:00	17 Sep 13:00
15 Jul 13:00	16 Jun 12:45
22 May 13:00	27 Apr 14:00
16 Mar 16:00	19 Dec 14:00
31 Oct 15:00

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