We expect USDCHF to trend upwards later today. Based on these past Japan Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is < ¥-784.1B. A price movement of 50 pips is expected. Historical events that allowed us to draw this conclusion

16 Dec 10:50	20 Oct 10:50
16 Sep 09:50	21 Jul 09:50
16 Jun 09:50	17 Mar 10:50

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