Based on the last 12 Balance of Trade events in Japan, we expect a $3,440 movement on EURUSD within 48 hours following the event release at 17 Jun 09:50. We expect EURUSD to trend downwards 48 hours following the event release at 17 Jun 09:50 if the released value is > ¥-970.8B

Historical events that allowed us to draw this conclusion

18 Mar 10:50	19 Feb 10:50
18 Dec 10:50	18 Sep 09:50
18 Jul 09:50

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