We expect USDCAD to trend upwards later today. Based on these past Japan Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is = 0.2%. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

21 Feb 10:30	23 Aug 09:30
19 Jul 09:30	21 Jun 09:30

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