Based on the last 12 Balance of Trade events in Japan, we expect a 138 pip movement on USDCAD within 48 hours following the event release at 2023-08-16 23:50. We expect USDCAD to trend upwards 48 hours following the event release at 2023-08-16 23:50 if the released value is < ¥24.6B Historical events that allowed us to draw this conclusion
14 Dec 23:50 |
16 Nov 23:50 |
14 Sep 23:50 |
16 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
