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We expect 6M to trend downwards with a 75% chance.

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”).

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We expect CL to trend upwards today with a 72.73% chance.

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