Based on the last 12 Balance of Trade events in Japan, we expect a $100 movement on EURUSD within the next 4 hours. We expect EURUSD to trend downwards for the next 4 hours because the released value is < ¥-1607B Historical events that allowed us to draw this conclusion

16 Dec 10:50	16 Sep 09:50
21 Jul 09:50	16 Jun 09:50
17 Mar 10:50

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