Based on the last 12 Balance of Trade events in Japan, we expect a $21.935 movement on FV within 48 hours following the event release at 19 Oct 23:50. We expect FV to trend upwards 48 hours following the event release at 19 Oct 23:50 if the released value is > ¥-519.2B
Historical events that allowed us to draw this conclusion
19 May 23:50 |
18 Apr 23:50 |
16 Feb 23:50 |
17 Nov 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
