We expect DX to trend upwards with a 71.43% chance.

Based on the last 12 Balance of Trade events in Japan, we expect DX to trend upwards. Based on these past events there is a 71.43% chance of this. We expect DX to trend upwards for 48 hours because the released value is < ¥301B. A price movement of 34 pips is expected.Historical events that allowed us to draw this conclusion

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

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

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