Based on the last 12 Balance of Trade events in Japan, we expect a 0 pip movement on BP for the next 4 hours. We expect BP to trend downwards for 4 hours because the released value is < ¥-560B Historical events that allowed us to draw this conclusion
19 Apr 23:50 |
22 Jan 23:50 |
19 Nov 23:50 |
18 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
