Based on past Japan Balance of Trade news events there is a 83.33% chance of SM trending upwards. We expect this to happen if the released value is < ¥-970.8B. A price movement of 214 pips is expected. Historical events that allowed us to draw this conclusion
20 May 23:50 |
19 Apr 23:50 |
22 Jan 23:50 |
19 Nov 23:50 |
20 Oct 23:50 |
18 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
