Based on the last 12 Inflation Rate YoY events in Canada, we expect a 3 pip movement on USDJPY for the next 2 hours. We expect USDJPY to trend downwards for 2 hours because the released value is = 2%
Historical events that allowed us to draw this conclusion
17 Apr 12:30 |
21 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
