United Kingdom Balance of Trade News Event – a $612.02 opportunity on USDJPY

We expect a $612.02 movement on USDJPY within the next 12 hours. We expect USDJPY to trend upwards 12 hours following the Balance of Trade events in United Kingdom release because the released value is > £ -3.1B. A price movement of 71 pips is expected.

Historical events that allowed us to draw this conclusion

14 Jan 18:00
11 Nov 18:00
09 Jul 21:00
11 Jun 16:00
12 May 16:00
12 Mar 18:00

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