We expect ZW to trend downwards later today. Based on these past Japan Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is < ¥-893B. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion
18 Mar 23:50 |
19 Nov 23:50 |
16 Oct 23:50 |
20 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
