Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect a $314.936 movement on USDCAD within 12 hours following the event release at 18 May 09:50. We expect USDCAD to trend downwards 12 hours following the event release at 18 May 09:50 if the released value is > -1.2%

Historical events that allowed us to draw this conclusion

15 Feb 10:50	16 Nov 10:50
18 May 09:50	09 Aug 09:50
20 May 09:50

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