Based on past Canada GDP Growth Rate QoQ news events there is a 80% chance of USDJPY trending downwards. We expect this to happen if the released value is < 1.6%. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

31 Aug 22:30	01 Jun 22:30
31 May 22:30	02 Mar 00:30

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