Volatility warning for 08 Jan 05:00

Due to the Japan Consumer Confidence news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 08 Jan 05:00:

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 Consumer Confidence
AUDUSD 16-26 pips 17-27 pips (2.84%)
NZDUSD 15-23 pips 17-28 pips (21.47%)
USDCHF 13-22 pips 15-25 pips (9.99%)
USDJPY 18-31 pips 22-41 pips (30.17%)

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

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