We expect USDJPY to trend downwards later today. Based on these past United States Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is < $-83B. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion

07 Jan 00:30	08 Dec 00:30
04 Nov 23:30	07 Apr 22:30
06 Mar 00:30	06 Feb 00:30

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