We expect EURUSD to trend downwards later today. Based on these past Japan Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is > 0.1%. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

24 Apr 09:30	24 Jan 10:30
20 Dec 10:30

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