Be very careful of upcoming volatility because of Canada BoC Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 04 Jun 00:00 GMT+10:
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”).