Based on the last 12 Balance of Trade events in Japan, we expect LE to trend downwards later today. Based on these past events there is a 75% chance of this. We expect LE to trend downwards 4 hours following the event release at 2024-12-17 23:50 if the released value is < ¥-688.9B. A price movement of 57 pips is expected. Historical events that allowed us to draw this conclusion
19 Nov 23:50 |
16 Oct 23:50 |
20 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
