Based on the last 12 Inflation Rate YoY events in Japan, we expect USDCAD to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect USDCAD to trend upwards 4 hours following the event release at 2022-08-18 23:30 if the released value is > 2.2%. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
23 Jun 23:30 |
19 May 23:30 |
21 Apr 23:30 |
17 Mar 23:30 |
20 Jan 23:30 |
23 Dec 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
