Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, USDCHF could trend downwards later today. Based on these past events there is a 66.67% chance of this. If the released value is > -0.4% we could see USDCHF trend downwards 12 hours following the event release at 18 May 09:50.

Historical events that allowed us to draw this conclusion

16 Aug 09:50	15 Feb 10:50
09 Aug 09:50	20 May 09:50

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