We expect USDCHF to trend downwards for the next 48 hours. Based on these past Japan Balance of Trade news events there is a 80% chance of this. We expect this to happen because the released value is < ¥-91.2B. A price movement of 84 pips is expected. Historical events that allowed us to draw this conclusion

21 Jan 10:50	16 Dec 10:50
19 Oct 10:50	20 Jul 09:50

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