Based on the last 12 Balance of Trade events in Japan, we expect a $180 movement on NZDUSD within 2 hours following the event release at 17 Mar 23:50. We expect NZDUSD to trend downwards 2 hours following the event release at 17 Mar 23:50 if the released value is > ¥917.2B

Historical events that allowed us to draw this conclusion

18 Feb 23:50

17 Dec 23:50

17 Sep 23:50

18 Jun 23:50

16 Apr 23:50

17 Mar 23:50