Upcoming volatility expected at 29 Oct 01:00

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 29 Oct 01:00. 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%)

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