Based on the last 12 Balance of Trade events in Australia, USDJPY could experience an downwards trend. Based on these past events there is a 80% chance of this, and the trend could last 12 hours because the released value is < A$5.6B. Historical events that allowed us to draw this conclusion
06 Feb 00:30 |
07 Nov 00:30 |
04 Jul 01:30 |
02 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
