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There is a 85.71% chance of ZB trending downwards

Based on past Japan Balance of Trade news events there is a 85.71% chance of ZB trending downwards. We expect this to happen because the released value is < ¥-675B. A price movement of 168 pips is expected. Historical events that allowed us to draw this conclusion

19 Oct 23:50
15 Sep 23:50
20 Jul 23:50
16 Mar 23:50
20 Jan 23:50
15 Dec 23:50

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect SB to trend upwards today with a 72.73% chance.

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We expect NG to trend downwards today with a 72.73% chance.

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