Based on the last 12 Balance of Trade events in Japan, we expect 6C to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect 6C to trend downwards 4 hours following the event release at 16 Feb 23:50 if the released value is < ¥-600B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
15 Dec 23:50 |
18 Oct 23:50 |
19 Jul 23:50 |
20 May 23:50 |
19 Apr 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
