Based on the last 12 Balance of Trade events in Australia, we expect USDJPY to trend upwards. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend upwards for 4 hours because the released value is > A$4.8B. A price movement of 43 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jan 11:30	06 Aug 11:30
03 Jul 11:30	03 Apr 11:30
07 Mar 11:30

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