Are you on the right side of Japan Unemployment Rate news event?
Based on the last 12 Unemployment Rate events in Japan, we expect USDJPY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 01 Sep 09:30 if the released value is = 3%. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
|28 Apr 09:30
||31 Mar 10:30
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).