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We expect HG to trend upwards today with a 85.71% chance.

We expect HG to trend upwards later today. Based on these past Japan Balance of Trade news events there is a 85.71% chance of this. We expect this to happen if the released value is < ¥-369B. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion

19 Nov 23:50
20 Oct 23:50
18 Aug 23:50
19 Feb 23:50
22 Jan 23:50
18 Dec 23:50

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

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