Based on the last 12 Balance of Trade events in Japan, we expect a 0 pip movement on BP for the next 2 hours. We expect BP to trend downwards for 2 hours because the released value is < ¥-675B Historical events that allowed us to draw this conclusion

15 Sep 23:50

20 Jul 23:50

15 Jun 23:50

16 Mar 23:50

15 Dec 23:50