Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a $560.424 movement on USDCAD within 12 hours following the event release at 17 Sep 13:00. We expect USDCAD to trend downwards 12 hours following the event release at 17 Sep 13:00 if the released value is = -0.1%

Historical events that allowed us to draw this conclusion

15 Jul 13:00	27 Apr 14:00
21 Jan 14:00	19 Dec 14:00
31 Oct 15:00	19 Sep 13:00
20 Jun 13:00

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