Based on the last 12 Balance of Trade events in Japan, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > ¥-1680.3B
Historical events that allowed us to draw this conclusion
19 Oct 23:50 |
20 Jul 23:50 |
19 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
