Based on the last 12 Balance of Trade events in Japan, we expect HE to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect HE to trend upwards 12 hours following the event release at 2023-05-17 23:50 if the released value is > ¥-613.8B. A price movement of 441 pips is expected.
Historical events that allowed us to draw this conclusion
19 Apr 23:50 |
15 Feb 23:50 |
18 Jan 23:50 |
19 Oct 23:50 |
18 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
