Be very careful of upcoming volatility because of the GB BoE Interest Rate Decision news event later today. Based on the last 12 BoE Interest Rate Decision events in GB, we expect a $107.64 movement on USDJPY within 2 hours following the event release at 02 May 11:00.
We expect this to happen if the released value is = 0.75%. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
07 Feb 12:00 |
20 Dec 12:00 |
01 Nov 12:00 |
13 Sep 11:00 |
02 Aug 11:00 |
21 Jun 11:00 |
10 May 11:00 |
22 Mar 12:00 |
08 Feb 12:00 |
02 Nov 12:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
