Based on the last 12 GDP Growth Rate QoQ events in Canada, we may expect USDJPY to trend upwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is < 0.6%. A price movement of 118 pips may be experienced. Historical events that allowed us to draw this conclusion
29 Feb 13:30 |
30 Nov 13:30 |
01 Sep 12:30 |
31 Aug 12:30 |
31 May 12:30 |
31 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
