Based on the last 12 Inflation Rate YoY events in Japan, we expect EURUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect EURUSD to trend upwards 4 hours following the event release at 21 Jan 10:30 if the released value is < 0.7%. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion

20 Aug 09:30	21 May 09:30
23 Apr 09:30	22 Jan 10:30

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