Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a 32 pip movement on USDJPY within 2 hours following the event release at 14 Jul 14:00 UTC. We expect USDJPY to trend upwards 2 hours following the event release at 14 Jul 14:00 UTC if the released value is = 0.25%

Historical events that allowed us to draw this conclusion

09 Jun 14:00

21 Apr 14:00

10 Mar 15:00

09 Dec 15:00

09 Sep 14:00

15 Jul 14:00

03 Jun 14:00

22 Jan 15:00