We expect LB to trend downwards later today. Based on these past Japan Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is > ¥-1694.9B. A price movement of 2,144 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
