Based on the last 12 Consumer Confidence events in Japan, we expect USDCAD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 06 Jan 05:00 if the released value is < 35. A price movement of 60 pips is expected. Historical events that allowed us to draw this conclusion

29 Oct 05:00

01 Jul 05:00

29 May 05:00

06 Apr 05:20

29 Jan 05:00