Based on the last 12 Balance of Trade events in Germany, USDJPY could experience an upwards trend. Based on these past events there is a 80% chance of this, and the trend could last 2 hours because the released value is > €21.5B.
Historical events that allowed us to draw this conclusion
05 Feb 07:00 |
08 Jan 07:00 |
04 Dec 07:00 |
03 Nov 07:00 |
05 Oct 06:00 |
05 Jun 06:00 |
04 May 06:00 |
02 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
