We expect USDJPY to trend upwards later today. Based on these past Canada Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is > 1%. A price movement of 84 pips is expected.

Historical events that allowed us to draw this conclusion

17 Dec 00:30	22 Jul 22:30
18 Mar 23:30	20 Feb 00:30

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