Balance of Trade

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Based on the last 12 Balance of Trade events in Japan, we expect a $398 movement on USDCAD within 4 hours following the event release at 2023-03-15 23:50. We expect USDCAD to trend downwards 4 hours following the event release at 2023-03-15 23:50 if the released value is > ¥-1069.4B

Historical events that allowed us to draw this conclusion

15 Feb 23:50
18 Jan 23:50
20 Jul 23:50
18 May 23:50

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