We expect a $294.19 movement on USDJPY within 2 hours following the release of Balance of Trade at 19 Aug 09:50. We expect USDJPY to trend upwards 2 hours following the event release at 19 Aug 09:50 if the released value is > ¥-77.6B. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

19 Feb 10:50

18 Sep 09:50

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