We expect a $143 movement on USDJPY within the next 2 hours. We expect USDJPY to trend downwards 2 hours following the Balance of Trade events in Japan release because the released value is > ¥-2398.2B. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

21 Jul 09:50	20 Jan 10:50
18 Aug 09:50

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