We expect UB to trend downwards later today. Based on these past Japan Balance of Trade news events there is a 85.71% chance of this. We expect this to happen if the released value is > ¥-735.7B. A price movement of 271 pips is expected.
Historical events that allowed us to draw this conclusion
18 Oct 23:50 |
19 Jul 23:50 |
17 May 23:50 |
15 Mar 23:50 |
15 Feb 23:50 |
18 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
