Based on the last 12 Balance of Trade events in Japan, we expect a $180 movement on EURUSD within 2 hours following the event release at 16 Feb 23:50. We expect EURUSD to trend upwards 2 hours following the event release at 16 Feb 23:50 if the released value is > ¥-1607B

Historical events that allowed us to draw this conclusion

19 Jan 23:50

17 Aug 23:50

19 May 23:50

18 Apr 23:50