Consider closing some positions today

Be very careful of upcoming volatility because of Japan Tankan Large Manufacturers Index news event later today. We expect a large increase in volatility on the these instruments following the event release at 13 Dec 23:50 GMT:

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 Tankan Large Manufacturers Index
GBPUSD	14-24 pips	21-35 pips (45.25%)
NZDUSD	17-28 pips	23-39 pips (38.08%)
USDCAD	14-23 pips	19-31 pips (33.22%)
USDCHF	11-18 pips	15-22 pips (19.96%)
USDJPY	16-30 pips	40-69 pips (129.48%)

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

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