Based on the last 12 Balance of Trade events in Germany, we expect USDJPY to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < €20.9B Historical events that allowed us to draw this conclusion
06 Sep 06:00 |
07 Aug 06:00 |
07 Jun 06:00 |
07 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
