Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect USDJPY to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDJPY to trend downwards 12 hours following the event release at 17 Sep 21:00 if the released value is = 0.1%. A price movement of 109 pips is expected.

Historical events that allowed us to draw this conclusion

18 Jun 21:00	07 May 16:00
26 Mar 23:00	19 Dec 23:00
01 Aug 21:00	20 Jun 21:00

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