Based on the last 12 Balance of Trade events in Canada, we expect a $18.82 movement on USDJPY within the next 4 hours. We expect USDJPY to trend downwards for 4 hours because the released value is < C$-0.4B Historical events that allowed us to draw this conclusion
09 May 12:30 |
27 Mar 12:30 |
06 Mar 13:30 |
08 Jan 13:30 |
06 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
