Balance of Trade

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Based on the last 12 Balance of Trade events in Japan, we expect USDCHF to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect USDCHF to trend downwards 4 hours following the event release at 2023-07-19 23:50 if the released value is > ¥-46.7B. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

17 May 23:50
19 Apr 23:50
15 Mar 23:50
15 Feb 23:50
18 Jan 23:50
20 Jul 23:50

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