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We expect a $0 movement on 6A within 2 hours following the release of Balance of Trade.

We expect a $0 movement on 6A within 2 hours following the release of Balance of Trade at 17 Nov 23:50. We expect 6A to trend downwards 2 hours following the event release at 17 Nov 23:50 if the released value is < ¥250B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

19 Jul 23:50
20 May 23:50
19 Apr 23:50
19 Nov 23:50

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

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