Based on the last 12 Balance of Trade events in Japan, we expect USDJPY to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < ¥-37.5B Historical events that allowed us to draw this conclusion

23 Jan 10:50

20 Nov 10:50

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