Based on past Japan Balance of Trade news events there is a 66.67% chance of HO trending upwards. We expect this to happen if the released value is > ¥420B. A price movement of 5 pips is expected.
Historical events that allowed us to draw this conclusion
16 Feb 23:50 |
17 Nov 23:50 |
15 Sep 23:50 |
16 Jun 23:50 |
17 Mar 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
