Based on the last 12 Inflation Rate YoY events in Japan, we expect NZDUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend downwards for the next 12 hours because the released value is > 0.7%. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

21 Jan 10:30	24 Dec 10:30
20 Jul 09:30	18 Jun 09:30

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