Based on the last 12 Balance of Trade events in Japan, we expect a 68 pip movement on EURUSD for the next 48 hours. We expect EURUSD to trend upwards for 48 hours because the released value is > ¥-784.1B
Historical events that allowed us to draw this conclusion
19 May 23:50 |
18 Apr 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
