Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of USDJPY trending upwards. We expect this to happen if the released value is < 5.9%. A price movement of 35 pips is expected. Historical events that allowed us to draw this conclusion
18 Aug 16:00 |
21 Apr 16:00 |
24 Mar 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).