Based on the last 12 BoJ Interest Rate Decision events in Japan, USDCAD could experience an downwards trend. Based on these past events there is a 81.82% chance of this, and the trend could last 48 hours because the released value is = 0.25%.
Historical events that allowed us to draw this conclusion
20 Sep 03:00 |
14 Jun 03:25 |
19 Mar 03:00 |
19 Dec 03:00 |
31 Oct 03:00 |
22 Sep 03:00 |
28 Jul 03:00 |
16 Jun 03:00 |
28 Apr 04:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
