We expect a $343 movement on USDCAD within the next 4 hours.

We expect a $343 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the BoJ Interest Rate Decision events in Japan release because the released value is = -0.1%. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

22 Sep 03:00

28 Jul 03:00

28 Apr 04:00

10 Mar 03:00

20 Dec 03:00

28 Oct 03:00

22 Sep 03:00

21 Jul 03:00

17 Jun 03:00

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