13 pip movement on AUDUSD expected

Based on the last 12 Balance of Trade events in Japan, we expect a 13 pip movement on AUDUSD within 2 hours following the event release at 18 Dec 23:50 GMT. We expect AUDUSD to trend upwards 2 hours following the event release at 18 Dec 23:50 GMT if the released value is < ¥-600.3B

Historical events that allowed us to draw this conclusion

18 Nov 23:50

16 Aug 00:50

18 Jun 00:50

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

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