We expect USDCAD to trend upwards later today. Based on these past Japan Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is > 3.2%. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 23:30 |
18 Aug 23:30 |
23 Jun 23:30 |
21 Apr 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”).
