Based on the last 12 Balance of Trade events in Germany, USDJPY could experience an upwards trend. Based on these past events there is a 87.5% chance of this, and the trend could last 4 hours because the released value is < €17.8B. Historical events that allowed us to draw this conclusion
13 Dec 07:00 |
07 Nov 07:00 |
06 Sep 06:00 |
07 Aug 06:00 |
07 Jun 06:00 |
07 May 06:00 |
08 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
