Based on the last 12 Inflation Rate YoY events in Japan, we expect USDCAD to trend upwards right now. Based on these past events there is a 75% chance of this. This may happen because the released value is = 0.1%

Historical events that allowed us to draw this conclusion

21 Feb 10:30	23 Aug 09:30
19 Jul 09:30

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