We expect USDCAD to trend downwards for the next 4 hours. Based on these past Japan Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is < 2.6%. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion
23 Sep 23:30 |
19 Aug 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
