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”).
