Australia Employment Change News Event – a possible $134.96 movement on USDJPY

Based on the last 12 Employment Change events in Australia, we expect a $134.96 movement on USDJPY within 2 hours following the event release at 19 Nov 11:30. We expect USDJPY to trend upwards 2 hours following the event release at 19 Nov 11:30 if the released value is < -30K Historical events that allowed us to draw this conclusion

18 Jun 11:30
14 Nov 11:30

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