Based on the last 12 Balance of Trade events in Japan, we expect a 10 pip movement on USDCHF within 2 hours following the event release at 20 May 23:50 UTC. We expect USDCHF to trend upwards 2 hours following the event release at 20 May 23:50 UTC if the released value is > ¥-560B
Historical events that allowed us to draw this conclusion
17 Mar 23:50 |
17 Dec 23:50 |
17 Sep 23:50 |
18 Jun 23:50 |