We expect USDJPY to trend downwards later today. Based on these past Canada Inflation Rate YoY news events there is a 80% chance of this. We expect this to happen if the released value is > 2.2%. A price movement of 21 pips is expected.
Historical events that allowed us to draw this conclusion
20 Jul 13:30 |
23 Mar 12:30 |
23 Feb 13:30 |
21 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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