USDJPY may trend upwards from 2022-11-03 11:30

Based on the last 12 Balance of Trade events in Australia, we expect USDJPY to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 2022-11-03 11:30 if the released value is > A$8.85B. A price movement of 52 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 11:30
07 Jul 11:30
05 May 11:30
03 Mar 11:30
02 Dec 11:30

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