Based on the last 12 Balance of Trade events in Australia, we expect USDJPY to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > A$12.65B
Historical events that allowed us to draw this conclusion
12 Jan 11:30 |
08 Dec 11:30 |
04 Aug 11:30 |
07 Jul 11:30 |
02 Jun 11:30 |
05 May 11:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).