We expect USDJPY to trend downwards later today. Based on these past Japan Unemployment Rate news events there is a 66,67% chance of this. We expect this to happen if the released value is < 2.5%. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion
26 Apr 09:30 |
29 Mar 10:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).