Japan Balance of Trade News Event – a possible $160 movement on EURUSD

Based on the last 12 Balance of Trade events in Japan, we expect a $160 movement on EURUSD within 2 hours following the event release at 18 Aug 23:50. We expect EURUSD to trend upwards 2 hours following the event release at 18 Aug 23:50 if the released value is < ¥-77.6B Historical events that allowed us to draw this conclusion

20 Oct 23:50
18 Aug 23:50