Based on past Canada Inflation Rate YoY news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen because the released value is = 2.7%. A price movement of 68 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jan 13:30 |
27 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
