Based on the last 12 Balance of Trade events in Japan, we expect DX to trend downwards right now. Based on these past events there is a 80% chance of this. We expect DX to trend downwards for the next 2 hours because the released value is < ¥420B. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion
18 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
