We expect a $55.86 movement on USDJPY within 4 hours following the release of Balance of Trade.

We expect a $55.86 movement on USDJPY within 4 hours following the release of Balance of Trade at 02 Jul 01:30. We expect USDJPY to trend upwards 4 hours following the event release at 02 Jul 01:30 if the released value is < A$9B. A price movement of 6 pips is expected.Historical events that allowed us to draw this conclusion

06 Feb 00:30
05 Dec 00:30
03 Oct 01:30

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

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