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There is a 66.67% chance of USDCAD trending downwards

We expect USDCAD to trend downwards for the next 4 hours. Based on these past Japan Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is < 2.6%. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion

23 Sep 23:30
19 Aug 23:30

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

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