Based on the last 12 Inflation Rate YoY events in Japan, we could see a $118 movement on USDCAD within the next 2 hours. USDCAD could trend upwards for the next 2 hours because the released value is > 3.2%
Historical events that allowed us to draw this conclusion
19 Dec 23:30 |
20 Jun 23:30 |
23 May 23:30 |
26 Feb 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
