Based on the last 12 Consumer Confidence events in Switzerland, we expect a $182.7 movement on USDJPY within 2 hours following the event release at 01 Feb 19:00. We expect USDJPY to trend upwards 2 hours following the event release at 01 Feb 19:00 if the released value is < 4.5 Historical events that allowed us to draw this conclusion

04 May 17:00	15 Apr 19:30
05 Feb 17:45	04 Nov 17:45
03 May 15:45

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