Based on the last 12 Inflation Rate YoY events in Japan, we expect USDJPY to trend upwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > 4.2%

Historical events that allowed us to draw this conclusion

20 Sep 09:30	19 Aug 09:30
24 Jun 09:30	20 May 09:30
18 Mar 10:30

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