Warning: Upcoming volatility at 20 Dec 03:00

Japan is releasing its BoJ Interest Rate Decision news event later today, and because of this we are expecting a large increase in volatility following the event release at 20 Dec 03:00. These are the instruments that will be affected:

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 BoJ Interest Rate Decision
AUDUSD	18-30 pips	18-28 pips (-5.76%)
EURUSD	13-22 pips	16-29 pips (32.37%)
GBPUSD	15-24 pips	16-27 pips (9.48%)
NZDUSD	18-29 pips	17-25 pips (-11.16%)
USDCAD	14-24 pips	13-21 pips (-11.57%)
USDCHF	11-19 pips	11-18 pips (-6.15%)
USDJPY	18-33 pips	44-93 pips (182.94%)

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

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