Based on the last 12 Balance of Trade events in Japan, we expect 6M to trend downwards. Based on these past events there is a 75% chance of this. We expect 6M to trend downwards for 48 hours because the released value is > ¥-784.1B. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
17 Aug 23:50 |
18 Apr 23:50 |
16 Feb 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
