Based on the last 12 Unemployment Rate events in Japan, we expect a $270.28 movement on USDJPY within 4 hours following the event release at 28 Apr 09:30. We expect USDJPY to trend downwards 4 hours following the event release at 28 Apr 09:30 if the released value is = 2.5%
Historical events that allowed us to draw this conclusion
29 Nov 10:30 |
28 Jun 09:30 |
31 May 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).