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We expect USDJPY to trend upwards today with a 80% chance.

Based on the last 12 Balance of Trade events in Japan, we expect USDJPY to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend upwards 2 hours following the event release at 2023-06-14 23:50 if the released value is < ¥-1331.9B. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion

14 Dec 23:50
16 Nov 23:50
14 Sep 23:50
15 Jun 23:50

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

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Esperamos que el UB adopte hoy una tendencia downwards con un 80% de probabilidad.

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We expect HE to trend upwards today.

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