Based on the last 12 Balance of Trade events in Japan, we expect a $119 movement on USDCHF within 2 hours following the event release at 2023-05-17 23:50. We expect USDCHF to trend downwards 2 hours following the event release at 2023-05-17 23:50 if the released value is > ¥-613.8B
Historical events that allowed us to draw this conclusion
19 Apr 23:50 |
15 Mar 23:50 |
15 Feb 23:50 |
20 Jul 23:50 |
18 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
