Volatility alert for 16 Jul 03:00

Due to the Japan BoJ Interest Rate Decision news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 16 Jul 03:00:

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 JP BoJ Interest Rate Decision
USDCHF 10-16 pips 13-22 pips (31.93%)
EURUSD 11-18 pips 18-36 pips (91.24%)
USDJPY 17-30 pips 43-88 pips (187.31%)
NZDUSD 14-22 pips 16-25 pips (17.32%)
AUDUSD 14-22 pips 19-33 pips (52.31%)