Based on past Japan Balance of Trade news events there is a 80% chance of USDCAD trending upwards. We expect this to happen because the released value is > ¥490B. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
16 Feb 23:50 |
17 Nov 23:50 |
18 Aug 23:50 |
16 Jun 23:50 |