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We expect USDJPY to trend downwards for the next 4 hours.

Based on the last 12 Balance of Trade events in Japan, we could see a 42 pip movement on USDJPY for the next 4 hours. USDJPY could trend downwards for 4 hours because the released value is > ¥-240B

Historical events that allowed us to draw this conclusion

16 Apr 23:50
20 Mar 23:50
20 Feb 23:50
23 Jan 23:50
19 Dec 23:50
18 Oct 23:50
19 Jul 23:50

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

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