Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect USDJPY to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 22 Apr 16:00 if the released value is < 1.5%. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

13 Nov 20:30	18 Sep 18:30
22 May 18:30	17 Apr 18:30

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