Want to know why USDJPY is going upwards today?

Based on the last 12 Balance of Trade events in United States, we expect a $141.92 movement on USDJPY within 12 hours following the event release at 06 Dec 13:30. We expect USDJPY to trend upwards 12 hours following the event release at 06 Dec 13:30 if the released value is < $-54.9B

Historical events that allowed us to draw this conclusion

02 Nov 12:30
05 Apr 13:30
07 Mar 13:30
06 Feb 13:30

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

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