Based on the last 12 Balance of Trade events in Japan, we expect a $1250 movement on NZDUSD within 48 hours following the event release at 2023-03-16 10:50. We expect NZDUSD to trend upwards 48 hours following the event release at 2023-03-16 10:50 if the released value is > ¥-1069.4B

Historical events that allowed us to draw this conclusion

19 Jan 10:50	20 Oct 10:50
21 Jul 09:50	19 May 09:50

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