We expect USDJPY to trend upwards right now.

Based on the last 12 Balance of Trade events in United Kingdom, we expect USDJPY to trend upwards right now. Based on these past events there is a 85.71% chance of this. We expect USDJPY to trend upwards for the next 12 hours because the released value is > £ -3.1B. A price movement of 71 pips is expected.

Historical events that allowed us to draw this conclusion

14 Jan 07:00

11 Nov 07:00

09 Jul 11:00

11 Jun 06:00

12 May 06:00

12 Mar 07:00

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