Based on the last 12 Unemployment Rate events in Japan, we expect a 75 pip movement on USDCAD within 12 hours following the event release at 01 Dec 10:30 GMT+11. We expect USDCAD to trend upwards 12 hours following the event release at 01 Dec 10:30 GMT+11 if the released value is = 3.1%

Historical events that allowed us to draw this conclusion

02 Oct 09:30	31 Mar 10:30
29 Nov 10:30

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