Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect USDJPY to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 2024-11-29 13:30 if the released value is < 0.4%. A price movement of 127 pips is expected. Historical events that allowed us to draw this conclusion
31 May 12:30 |
29 Feb 13:30 |
30 Nov 13:30 |
01 Sep 12:30 |
31 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
