We expect USDCAD to trend upwards for the next 4 hours. Based on these past Japan Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is > -0.3%. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

18 Jun 09:30

19 Feb 10:30

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