We expect USDJPY to trend downwards right now.

Based on the last 12 Balance of Trade events in Japan, we expect USDJPY to trend downwards right now. Based on these past events there is a 66.67% chance of this. This will happen because the released value is > ¥420B

Historical events that allowed us to draw this conclusion

18 Jun 23:50

16 Apr 23:50

17 Oct 23:50

18 Jul 23:50

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