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We expect USDJPY to trend downwards later today. Based on these past Japan BoJ Interest Rate Decision news events there is a 75% chance of this. We expect this to happen if the released value is = -0.1%. A price movement of 98 pips is expected.
Historical events that allowed us to draw this conclusion
22 May 13:00 |
27 Apr 14:00 |
16 Mar 16:00 |
19 Dec 14:00 |
31 Oct 15:00 |
30 Jul 13:00 |
20 Jun 13:00 |
25 Apr 13:00 |
15 Mar 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).