We expect USDCHF to trend upwards later today. Based on these past Japan Tankan Large Manufacturers Index news events there is a 80% chance of this. We expect this to happen if the released value is > 15. A price movement of 44 pips is expected.

Historical events that allowed us to draw this conclusion

01 Apr 10:50	01 Apr 10:50
01 Oct 09:50	14 Dec 10:50

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