Based on the last 12 Balance of Trade events in Japan, we expect USDJPY to trend downwards right now. Based on these past events there is a 66.67% chance of this. This will happen because the released value is > ¥420B
Historical events that allowed us to draw this conclusion
18 Jun 23:50 |
16 Apr 23:50 |
17 Oct 23:50 |
18 Jul 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
