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We expect a 782 pip movement on NQ within 12 hours following the event release.

Based on the last 12 Balance of Trade events in Japan, we expect NQ to trend upwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is < ¥196.2B Historical events that allowed us to draw this conclusion

16 Jul 23:50
18 Mar 23:50
19 Nov 23:50
16 Oct 23:50
20 Aug 23:50

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

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