Based on the last 12 Inflation Rate YoY events in Japan, we expect a $1,260.566 movement on USDCAD within 48 hours following the event release at 21 May 09:30. We expect USDCAD to trend upwards 48 hours following the event release at 21 May 09:30 if the released value is > 0.1%

Historical events that allowed us to draw this conclusion

18 Sep 09:30

21 Aug 09:30

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