59 pip movement on USDCAD expected

Past performance is not an indicator of future results.
Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a 59 pip movement on USDCAD for the next 48 hours. We expect USDCAD to trend downwards for 48 hours because the released value is = -0.1%

Historical events that allowed us to draw this conclusion

31 Oct 03:00
19 Sep 04:00
31 Jul 05:00
27 Apr 04:00
09 Mar 03:00
23 Jan 03:00
21 Dec 03:00
21 Sep 04:00
20 Jul 04:00

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

Opere Ahora