Based on the last 12 Balance of Trade events in Japan, we expect YM to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect YM to trend upwards 2 hours following the event release at 2022-10-19 23:50 if the released value is > ¥-2167.4B. A price movement of 3450 pips is expected.
Historical events that allowed us to draw this conclusion
18 May 23:50 |
19 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
