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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”).