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We expect S to trend downwards right now.

Based on the last 12 Balance of Trade events in Japan, S could experience an downwards trend. Based on these past events there is a 71.43% chance of this, and the trend could last 48 hours because the released value is > ¥485.3B.

Historical events that allowed us to draw this conclusion

22 Jan 23:50
17 Dec 23:50
17 Jul 23:50
20 Mar 23:50
20 Feb 23:50

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

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We expect a 94 pip movement on USDJPY for the next 12 hours.

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