We expect NG to trend downwards right now.

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”).

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