We expect LE to trend downwards for the next 48 hours. Based on these past Japan Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is > ¥-1509.7B. A price movement of 118 pips is expected.
Historical events that allowed us to draw this conclusion
19 Jan 23:50 |
17 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
