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We expect a 40 pip movement on USDCHF within 12 hours following the event release.

Based on the last 12 Balance of Trade events in Japan, we expect a $441 movement on USDCHF within 12 hours following the event release at 2025-01-22 23:50. We expect USDCHF to trend upwards 12 hours following the event release at 2025-01-22 23:50 if the released value is < ¥-55B Historical events that allowed us to draw this conclusion

19 Nov 23:50
20 Aug 23:50
21 May 23:50

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

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