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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