Based on past Japan Balance of Trade news events there is a 66.67% chance of NQ trending downwards. We expect this to happen if the released value is > ¥-35.8B. A price movement of 2,537 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jun 23:50 |
17 Mar 23:50 |
17 Sep 23:50 |
17 Jul 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
