
Japan Balance of Trade News Event – a possible $120 movement on NZDUSD
Based on the last 12 Balance of Trade events in Japan, we expect a $120 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards for 2 hours because the released value is > ¥-600BHistorical events that allowed us to draw this conclusion17 Nov 23:5018 Aug 23:5016 Jun 23:5018 Feb 23:50