Based on the last 12 Inflation Rate YoY events in Japan, we may expect USDCAD to trend upwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because because the released value is > 2.6%. A price movement of 35 pips may be experienced.
Historical events that allowed us to draw this conclusion
18 May 23:30 |
23 Feb 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
