Based on the last 12 Consumer Confidence events in Japan, we expect USDCHF to trend downwards. Based on these past events there is a 71.43% chance of this. We expect USDCHF to trend downwards for 12 hours because the released value is > 37. A price movement of 56 pips is expected.

Historical events that allowed us to draw this conclusion

02 Aug 15:00	31 May 15:00
08 Apr 15:00	02 Dec 16:00
02 Oct 15:00

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