Based on the last 12 Balance of Trade events in Japan, OJ could trend upwards later today. Based on these past events there is a 75% chance of this. If the released value is > ¥-2022.6B we could see OJ trend upwards 48 hours following the event release at 15 Jun 23:50.
Historical events that allowed us to draw this conclusion
18 May 23:50 |
17 Aug 23:50 |
19 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
