Based on past Japan Consumer Confidence news events there is a 66.67% chance of USDCHF trending downwards. We expect this to happen if the released value is > 34. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
|08 Apr 05:00|
|02 Oct 05:00|
|31 Aug 05:00|
|31 Jul 05:00|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).