Japan Unemployment Rate News Event – a possible $360 movement on EURUSD

Based on the last 12 Unemployment Rate events in Japan, we expect a $360 movement on EURUSD within 4 hours following the event release at 01 Sep 09:30. We expect EURUSD to trend upwards 4 hours following the event release at 01 Sep 09:30 if the released value is < 3% Historical events that allowed us to draw this conclusion

31 Jul 09:30
29 May 09:30
27 Dec 10:30

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