Canada Inflation Rate YoY News Event – a possible $355.3 movement on USDJPY

Based on the last 12 Inflation Rate YoY events in Canada, we expect a $355.3 movement on USDJPY within 2 hours following the event release at 22 Jul 12:30. We expect USDJPY to trend upwards 2 hours following the event release at 22 Jul 12:30 if the released value is > 0.3%

Historical events that allowed us to draw this conclusion

18 Mar 12:30
19 Feb 13:30