Based on past Japan Balance of Trade news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen if the released value is < ¥-360.4B. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion
20 Aug 23:50 |
21 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
