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We expect LE to trend downwards right now.

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”).

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