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We expect a 114 pip movement on GBPUSD within 12 hours following the event release.

Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a 114 pip movement on GBPUSD within 12 hours following the event release at 18 Jan 03:00 UTC. We expect GBPUSD to trend downwards 12 hours following the event release at 18 Jan 03:00 UTC if the released value is = -0.1%

Historical events that allowed us to draw this conclusion

17 Dec 03:00
22 Sep 03:00
16 Jul 03:00
18 Jun 03:00
19 Mar 03:00
18 Dec 03:45
29 Oct 03:00
16 Jun 02:45

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

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