Based on the last 12 Balance of Trade events in Japan, we expect USDCAD to trend upwards for the next 4 hours. Based on these past events there is a 71.43% chance of this. This may happen because the released value is < ¥-519.2B Historical events that allowed us to draw this conclusion

16 Sep 09:50	21 Jul 09:50
17 Mar 10:50	16 Dec 10:50
19 Oct 10:50

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