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A possible $111.39 movement on USDCHF within 2 hours following the event release at 18 May 23:50.

Based on the last 12 Balance of Trade events in Japan, a $111.39 movement on USDCHF may occur within 2 hours following the event release at 18 May 23:50. USDCHF could trend downwards 2 hours following the event release at 18 May 23:50 if the released value is > ¥-1150B

Historical events that allowed us to draw this conclusion

19 Jan 23:50
17 Aug 23:50
18 Apr 23:50

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

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