Based on the last 12 Balance of Trade events in Japan, we expect a $340 movement on AUDUSD within 2 hours following the event release at 2023-03-15 23:50. We expect AUDUSD to trend downwards 2 hours following the event release at 2023-03-15 23:50 if the released value is > ¥-1069.4B
Historical events that allowed us to draw this conclusion
15 Feb 23:50 |
18 Jan 23:50 |
19 Oct 23:50 |
18 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
