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We could see a 63 pip movement on USDJPY within 12 hours following this event release.

Based on the last 12 GDP Growth Rate QoQ events in Canada, we may see a 63 pip movement on USDJPY within 12 hours following the event release at 31 May 12:30 UTC. USDJPY may trend upwards 12 hours following the event release at 31 May 12:30 UTC if the released value is > 1.4%

Historical events that allowed us to draw this conclusion

30 Nov 13:30
28 Aug 12:30
29 May 12:30
29 Nov 13:30

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

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