Are you on the right side of Japan BoJ Interest Rate Decision news event?

Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect USDCAD to trend downwards. Based on these past events there is a 83.33% chance of this. We expect USDCAD to trend downwards for 48 hours because the released value is = -0.1%. A price movement of 57 pips is expected.

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
16 Jun 04:00

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

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