We expect USDCAD to trend downwards right now.

Based on the last 12 GDP Growth Annualized Prel events in Japan, we expect USDCAD to trend downwards right now. Based on these past events there is a 66.67% chance of this. This will happen because the released value is > 0.4%

Historical events that allowed us to draw this conclusion

19 May 23:50
09 Aug 23:50
14 Nov 23:50
13 Aug 23:50

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

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