What to trade around Japan Consumer Confidence news event

Past performance is not an indicator of future results.
Based on the last 12 Consumer Confidence events in Japan, we expect USDCHF to trend upwards right now. Based on these past events there is a 70% chance of this. We expect USDCHF to trend upwards for the next 2 hours because the released value is < 41.6. A price movement of 3 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jan 05:00
30 Nov 05:00
29 Aug 06:00
31 Jul 06:00
29 Jun 06:00
30 May 06:00
09 Apr 06:00

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

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