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We expect YM to trend downwards for the next 48 hours.

Based on the last 12 Inflation Rate YoY Prel events in France, YM could experience an downwards trend. Based on these past events there is a 75% chance of this, and the trend could last 48 hours because the released value is < 1%. Historical events that allowed us to draw this conclusion

31 Jan 07:45
07 Jan 07:45
29 Nov 07:45
31 Jul 06:45
28 Jun 06:45
29 Mar 07:45

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

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We expect EURUSD to trend downwards today.

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We expect a 57 pip movement on USDJPY within 4 hours following the event release.

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