We expect USDJPY to trend upwards for the next 4 hours. Based on these past Canada Inflation Rate YoY news events there is a 80% chance of this. We expect this to happen because the released value is < 3.1%. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion
21 Nov 13:30 |
17 Oct 12:30 |
18 Jul 12:30 |
21 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
