Japan Unemployment Rate News Event – a possible $620 movement on AUDUSD

Based on the last 12 Unemployment Rate events in Japan, we expect a $620 movement on AUDUSD within 12 hours following the event release at 30 Jun 09:30. We expect AUDUSD to trend upwards 12 hours following the event release at 30 Jun 09:30 if the released value is = 2.8%

Historical events that allowed us to draw this conclusion

28 Apr 09:30
29 Nov 10:30
28 Jun 09:30

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