Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect a 23 pip movement on USDCAD within 4 hours following the event release at 15 Feb 10:50 GMT+11. We expect USDCAD to trend downwards 4 hours following the event release at 15 Feb 10:50 GMT+11 if the released value is < 2.3% Historical events that allowed us to draw this conclusion

17 Aug 09:50	17 Feb 10:50
14 Feb 10:50	16 May 09:50
14 Feb 10:50

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