Based on the last 12 Balance of Trade events in Japan, we expect USDCHF to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < ¥-1331.9B Historical events that allowed us to draw this conclusion

15 Dec 10:50	17 Nov 10:50
15 Sep 09:50	16 Jun 09:50

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