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There is a 66.67% chance of HO trending upwards

Based on past Japan Balance of Trade news events there is a 66.67% chance of HO trending upwards. We expect this to happen if the released value is > ¥420B. A price movement of 5 pips is expected.

Historical events that allowed us to draw this conclusion

16 Feb 23:50
17 Nov 23:50
15 Sep 23:50
16 Jun 23:50
17 Mar 23:50

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

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