Based on the last 12 Balance of Trade events in Japan, we expect USDJPY to trend downwards later today. Based on these past events there is a 77.78% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 2024-11-19 23:50 if the released value is > ¥-360.4B. A price movement of 58 pips is expected.
Historical events that allowed us to draw this conclusion
17 Sep 23:50 |
16 Apr 23:50 |
20 Mar 23:50 |
20 Feb 23:50 |
23 Jan 23:50 |
19 Dec 23:50 |
18 Oct 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
