We expect USDJPY to trend downwards later today. Based on these past Australia Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is > A$9B. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

04 Jun 11:30	07 May 11:30
07 Apr 11:30	05 Mar 11:30
07 Nov 11:30	06 Aug 11:30

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