Based on the last 12 Balance of Trade events in Australia, we expect a $217 movement on USDJPY within 2 hours following the event release at 11 Jan 11:30. We expect USDJPY to trend upwards 2 hours following the event release at 11 Jan 11:30 if the released value is < A$10.6B Historical events that allowed us to draw this conclusion

01 Jul 11:30	04 May 11:30
07 Jan 11:30

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