We expect HG to trend downwards for the next 48 hours.

Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect HG to trend downwards for the next 48 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is > -1.2%

Historical events that allowed us to draw this conclusion

08 Aug 23:50

19 May 23:50

09 Aug 23:50

13 Aug 23:50

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).