Based on the last 12 Balance of Trade events in Japan, we expect a 729 pip movement on EMD within 48 hours following the event release at 2025-09-16 23:50. We expect EMD to trend upwards 48 hours following the event release at 2025-09-16 23:50 if the released value is < ¥-513.6B Historical events that allowed us to draw this conclusion
19 Aug 23:50 |
16 Jul 23:50 |
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”).
