Based on the last 12 Balance of Trade events in Japan, we expect a $168.681 movement on USDCHF within the next 4 hours. We expect USDCHF to trend upwards for 4 hours because the released value is < ¥942.8B Historical events that allowed us to draw this conclusion

19 Oct 10:50	20 Jul 09:50
21 May 09:50	20 Apr 09:50
23 Jan 10:50

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