Based on the last 12 Balance of Trade events in Japan, we expect NG to trend downwards right now. Based on these past events there is a 80% chance of this. We expect NG to trend downwards for the next 2 hours because the released value is < ¥-91.2B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
16 Mar 23:50 |
15 Dec 23:50 |
18 Oct 23:50 |
19 Jul 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
