Based on the last 12 Balance of Trade events in Japan, we expect a 27 pip movement on GBPUSD within 2 hours following the event release at 15 Dec 23:50 UTC. We expect GBPUSD to trend downwards 2 hours following the event release at 15 Dec 23:50 UTC if the released value is > ¥529.8B

Historical events that allowed us to draw this conclusion

17 Nov 23:50

18 Aug 23:50

16 Jun 23:50

18 Feb 23:50

17 Dec 23:50