Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a $544.67 movement on USDCHF within 12 hours following the event release at 16 Jul 13:00. We expect USDCHF to trend upwards 12 hours following the event release at 16 Jul 13:00 if the released value is = -0.1%

Historical events that allowed us to draw this conclusion

18 Jun 13:00	19 Mar 14:00
18 Dec 14:45	29 Oct 14:00
15 Jul 13:00	16 Jun 12:45
22 May 13:00	27 Apr 14:00

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