We expect a $373.1 movement on USDJPY within the next 4 hours. We expect USDJPY to trend downwards 4 hours following the Inflation Rate YoY events in Canada release because the released value is > 3.5%. A price movement of 41 pips is expected.

Historical events that allowed us to draw this conclusion

19 May 22:30	18 Feb 00:30
19 Nov 00:30	21 Oct 23:30

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