Based on the last 12 Inflation Rate YoY events in Japan, we expect USDCHF to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDCHF to trend downwards 48 hours following the event release at 18 Mar 10:30 if the released value is < 0.7%. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion

18 Feb 10:30	20 Aug 09:30
21 May 09:30	23 Apr 09:30

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