We expect KW to trend downwards later today. Based on these past Japan Balance of Trade news events there is a 83.33% chance of this. We expect this to happen if the released value is < ¥353.9B. A price movement of 84 pips is expected. Historical events that allowed us to draw this conclusion
20 May 23:50 |
18 Mar 23:50 |
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”).
