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There is a 80% chance of ZW trending downwards

Based on the last 12 Balance of Trade events in Japan, we could see a $1529 movement on ZW within the next 4 hours. ZW could trend downwards for the next 4 hours because the released value is < ¥227.1B Historical events that allowed us to draw this conclusion

18 Mar 23:50
19 Nov 23:50
16 Oct 23:50
20 Aug 23:50

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

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We expect a $1174 movement on USDJPY within 48 hours following the event release at 2025-05-21 06:00.

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