Based on past Japan Inflation Rate YoY news events there is a 80% chance of USDCAD trending upwards. We expect this to happen because the released value is > 2.5%. A price movement of 40 pips is expected.
Historical events that allowed us to draw this conclusion
23 Feb 23:30 |
17 Nov 23:30 |
19 Sep 23:30 |
18 Aug 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
