Based on the last 12 Balance of Trade events in Japan, we could see a $233 movement on USDJPY within the next 2 hours. USDJPY could trend downwards for the next 2 hours because the released value is > ¥-688.9B
Historical events that allowed us to draw this conclusion
17 Sep 23:50 |
16 Apr 23:50 |
20 Mar 23:50 |
23 Jan 23:50 |
19 Dec 23:50 |
15 Nov 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
