We expect TN to trend upwards today with a 66.67% chance.

Based on the last 12 Balance of Trade events in Japan, we expect TN to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect TN to trend upwards 48 hours following the event release at 15 Sep 23:50 if the released value is > ¥-37.5B. A price movement of 106 pips is expected.

Historical events that allowed us to draw this conclusion

18 Aug 23:50
16 Jun 23:50
18 Feb 23:50
17 Sep 23:50

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

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