Based on the last 12 Balance of Trade events in Japan, we could see a $148.39 movement on USDJPY within the next 2 hours. We may see USDJPY trend downwards for 2 hours because the released value is > ¥-1150B

Historical events that allowed us to draw this conclusion

20 Jan 10:50	18 Aug 09:50
19 Apr 09:50

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