Based on past Japan Balance of Trade news events there is a 85.71% chance of ZB trending downwards. We expect this to happen because the released value is < ¥-675B. A price movement of 168 pips is expected. Historical events that allowed us to draw this conclusion
19 Oct 23:50 |
15 Sep 23:50 |
20 Jul 23:50 |
16 Mar 23:50 |
20 Jan 23:50 |
15 Dec 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
