Based on the last 12 Balance of Trade events in Japan, we could see a 42 pip movement on USDJPY for the next 4 hours. USDJPY could trend downwards for 4 hours because the released value is > ¥-240B
Historical events that allowed us to draw this conclusion
16 Apr 23:50 |
20 Mar 23:50 |
20 Feb 23:50 |
23 Jan 23:50 |
19 Dec 23:50 |
18 Oct 23:50 |
19 Jul 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
