We expect ZC to trend upwards later today. Based on these past Japan Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is > ¥-360.4B. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
17 Sep 23:50 |
20 Mar 23:50 |
20 Feb 23:50 |
23 Jan 23:50 |
19 Dec 23:50 |
15 Nov 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
