Based on the last 12 Balance of Trade events in Japan, we expect a $370 movement on NZDUSD within the next 12 hours. We expect NZDUSD to trend upwards for 12 hours because the released value is > ¥490B

Historical events that allowed us to draw this conclusion

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

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