Japan BoJ Interest Rate Decision News Event – a possible $631.984 movement on USDCAD

Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a $631.984 movement on USDCAD within 12 hours following the event release at 18 Jan 14:00. We expect USDCAD to trend upwards 12 hours following the event release at 18 Jan 14:00 if the released value is = -0.1%

Historical events that allowed us to draw this conclusion

17 Dec 14:00
16 Jul 13:00
18 Jun 13:00
27 Apr 13:00
19 Mar 14:00
21 Jan 14:00
18 Dec 14:45
29 Oct 14:00
16 Jun 12:45

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