Canada is releasing its BoC Interest Rate Decision news event later today, and because of this we are expecting a large increase in volatility following the event release at 04 Mar 15:00. These are the instruments that may be affected:
The table below summarizes how the volatility of each instrument is expected to change during this news event.
| Symbol | Normal Movement Range | Movement range during CA BoC Interest Rate Decision |
|---|---|---|
| USDJPY | 28-48 pips | 32-53 pips (10.42%) |
| USDCAD | 39-66 pips | 114-181 pips (173.28%) |