Based on the last 12 Balance of Trade events in Japan, we expect NQ to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NQ to trend downwards 48 hours following the event release at 2024-01-23 23:50 if the released value is > ¥-122.1B. A price movement of 39337 pips is expected.
Historical events that allowed us to draw this conclusion
19 Dec 23:50 |
18 Oct 23:50 |
19 Jul 23:50 |
19 Apr 23:50 |
15 Feb 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
