Based on past Japan Balance of Trade news events there is a 75% chance of BO trending downwards. We expect this to happen because the released value is > ¥-2398.2B. A price movement of 166 pips is expected.
Historical events that allowed us to draw this conclusion
20 Jul 23:50 |
18 May 23:50 |
17 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
