Based on the last 12 Balance of Trade events in Japan, we expect a 1 pip movement on NG for the next 2 hours. We expect NG to trend upwards for 2 hours because the released value is > ¥-600B
Historical events that allowed us to draw this conclusion
17 Nov 23:50 |
15 Sep 23:50 |
18 Aug 23:50 |
16 Jun 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
