What to trade around Canada Balance of Trade news event

Past performance is not an indicator of future results.
Based on the last 12 Balance of Trade events in Canada, we expect USDJPY to trend downwards right now. Based on these past events there is a 85.71% chance of this. We expect USDJPY to trend downwards for the next 2 hours because the released value is < C$-2.8B. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jan 13:30
06 Dec 13:30
02 Nov 12:30
06 Jul 13:30
03 May 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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