Based on the last 12 Balance of Trade events in Japan, we expect HO to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect HO to trend downwards 48 hours following the event release at 19 May 23:50 if the released value is < ¥140B. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion
16 Mar 23:50 |
20 Jan 23:50 |
18 Oct 23:50 |
20 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
