We expect HG to trend downwards right now.

Based on the last 12 Balance of Trade events in Japan, we expect HG to trend downwards right now. Based on these past events there is a 66.67% chance of this. This may happen because the released value is > ¥-1694.9B

Historical events that allowed us to draw this conclusion

17 Dec 23:50

17 Sep 23:50

18 Jun 23:50

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).