Why you should close your USDJPY positions today

Be very careful of upcoming volatility because of Switzerland GDP Growth Rate QoQ news event later today. Based on the last 12 GDP Growth Rate QoQ events in Switzerland, we expect a $97.13 movement on USDJPY within 4 hours following the event release at 29 Nov 06:45. We expect this to happen if the released value is < 0.4%. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

05 Sep 06:45
01 Jun 06:45
02 Mar 06:45
01 Dec 06:45

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

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