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Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a $330 movement on GBPUSD within 4 hours following the event release at 21 Jan 14:00. We expect GBPUSD to trend upwards 4 hours following the event release at 21 Jan 14:00 if the released value is = -0.1%
Historical events that allowed us to draw this conclusion
18 Dec 14:45 |
29 Oct 14:00 |
17 Sep 13:00 |
15 Jul 13:00 |
27 Apr 14:00 |
16 Mar 16:00 |
19 Dec 14:00 |
31 Oct 15:00 |
19 Sep 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).