Based on past Japan Balance of Trade news events there is a 80% chance of USDCHF trending downwards. We expect this to happen if the released value is > ¥301B. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jul 23:50 |
18 Jun 23:50 |
16 Apr 23:50 |
17 Mar 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
