Canada GDP Growth Rate QoQ News Event – a $220.25 opportunity on USDJPY

We expect a $220.25 movement on USDJPY within 4 hours following the release of GDP Growth Rate QoQ at 30 Nov 13:30. We expect USDJPY to trend downwards 4 hours following the event release at 30 Nov 13:30 if the released value is > 0.3%. A price movement of 25 pips is expected.

Historical events that allowed us to draw this conclusion

30 Aug 13:30

31 Aug 13:30

31 May 13:30

31 Aug 13:30

31 May 13:30

01 Dec 13:30

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

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