We expect a $290 movement on USDJPY within the next 2 hours.

We expect a $290 movement on USDJPY within the next 2 hours. We expect USDJPY to trend upwards 2 hours following the Balance of Trade events in Germany release because the released value is > €20.3B. A price movement of 39 pips is expected.

Historical events that allowed us to draw this conclusion

06 Mar 07:00

05 Feb 07:00

08 Jan 07:00

04 Dec 07:00

03 Nov 07:00

05 Oct 06:00

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