Based on past Japan Balance of Trade news events there is a 66.67% chance of USDCHF trending downwards. We expect this to happen because the released value is > ¥-970.8B. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

18 Mar 10:50	19 Feb 10:50
18 Jul 09:50	19 Jun 09:50

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