Based on the last 12 Consumer Confidence events in Japan, we expect a 109 pip movement on USDCHF within 48 hours following the event release at 06 Jan 16:00 GMT+11. We expect USDCHF to trend downwards 48 hours following the event release at 06 Jan 16:00 GMT+11 if the released value is < 35 Historical events that allowed us to draw this conclusion

01 Jul 15:00	29 May 15:00
30 Apr 15:00	06 Apr 15:20
03 Mar 16:00	29 Jan 16:00

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