Based on past Japan Balance of Trade news events there is a 66.67% chance of EURUSD trending upwards. We expect this to happen if the released value is > ¥353.9B. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jun 23:50 |
22 Jan 23:50 |
17 Dec 23:50 |
17 Sep 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
