Based on past Japan Balance of Trade news events there is a 75% chance of PL trending upwards. We expect this to happen if the released value is > ¥-784.1B. A price movement of 700 pips is expected.
Historical events that allowed us to draw this conclusion
17 Aug 23:50 |
19 May 23:50 |
16 Feb 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
