Japan Inflation Rate YoY News Event – a possible $150 movement on GBPUSD

We expect a $150 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend downwards 2 hours following the Inflation Rate YoY events in Japan release because the released value is > 2.6%. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

18 Aug 23:30
23 Jun 23:30
19 May 23:30
21 Apr 23:30
20 Jan 23:30
23 Dec 23:30