Based on the last 12 Inflation Rate YoY events in Japan, we expect a 8 pip movement on USDCAD within 2 hours following the event release at 18 Jun 23:30 UTC. We expect USDCAD to trend downwards 2 hours following the event release at 18 Jun 23:30 UTC if the released value is = 0.1%
Historical events that allowed us to draw this conclusion
20 Feb 23:30 |
18 Jul 23:30 |
20 Jun 23:30 |