Based on the last 12 Balance of Trade events in Japan, we expect USDJPY to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend upwards 2 hours following the event release at 2023-06-14 23:50 if the released value is < ¥-1331.9B. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion
14 Dec 23:50 |
16 Nov 23:50 |
14 Sep 23:50 |
15 Jun 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
