Based on the last 12 Balance of Trade events in Japan, we expect a 41 pip movement on AUDUSD within 12 hours following the event release at 18 Nov 10:50 GMT+11. We expect AUDUSD to trend upwards 12 hours following the event release at 18 Nov 10:50 GMT+11 if the released value is > ¥250B

Historical events that allowed us to draw this conclusion

16 Sep 09:50	19 Aug 09:50
17 Jun 09:50	18 Dec 10:50

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