Based on the last 12 Balance of Trade events in Japan, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < ¥722.8B Historical events that allowed us to draw this conclusion
19 Nov 23:50 |
16 Oct 23:50 |
21 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
