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Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a $567.3 movement on USDJPY within 12 hours following the event release at 05 Mar 02:00. We expect USDJPY to trend downwards 12 hours following the event release at 05 Mar 02:00 if the released value is = 1.75%
Historical events that allowed us to draw this conclusion
23 Jan 02:00 |
31 Oct 01:00 |
11 Jul 00:00 |
07 Mar 02:00 |
10 Jan 02:00 |
06 Dec 02:00 |
25 Oct 01:00 |
06 Sep 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).