Based on the last 12 Balance of Trade events in Japan, we expect a $90 movement on EURUSD within 2 hours following the event release at 16 Mar 23:50. We expect EURUSD to trend downwards 2 hours following the event release at 16 Mar 23:50 if the released value is > ¥420B

Historical events that allowed us to draw this conclusion

16 Feb 23:50

17 Nov 23:50

15 Sep 23:50

18 Aug 23:50

17 Mar 23:50