We expect USDCAD to trend downwards later today. Based on these past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of this. We expect this to happen if the released value is < -1.2%. A price movement of 15 pips is expected. Historical events that allowed us to draw this conclusion

17 Aug 09:50	17 Feb 10:50
14 Feb 10:50	16 May 09:50

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