Based on the last 12 Inflation Rate YoY events in Japan, we expect a $1,407.238 movement on USDCAD within 48 hours following the event release at 22 Apr 09:30. We expect USDCAD to trend downwards 48 hours following the event release at 22 Apr 09:30 if the released value is < 1.1% Historical events that allowed us to draw this conclusion

24 Sep 09:30	20 Aug 09:30
21 May 09:30	23 Apr 09:30

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