Based on the last 12 Balance of Trade events in Japan, we expect a 1 pip movement on NG within 2 hours following the event release at 22 Jan 23:50 UTC. We expect NG to trend upwards 2 hours following the event release at 22 Jan 23:50 UTC if the released value is < ¥-150B Historical events that allowed us to draw this conclusion
19 Nov 23:50 |
20 Oct 23:50 |
18 Aug 23:50 |
21 May 23:50 |
19 Feb 23:50 |
22 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
