Based on the last 12 Balance of Trade events in United Kingdom, we may expect USDJPY to trend upwards right now. Based on these past events there is a 71.43% chance of this. We made this conclusion because because the released value is > £-11.8B. A price movement of 34 pips may be experienced.

Historical events that allowed us to draw this conclusion

11 Apr 16:00	14 Jan 18:00
11 Nov 18:00	09 Jul 21:00
11 Jun 16:00

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