Based on the last 12 Employment Change events in Australia, we expect USDJPY to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend upwards 2 hours following the event release at 2023-01-19 00:30 if the released value is < 22.5K. A price movement of 42 pips is expected. Historical events that allowed us to draw this conclusion
20 Oct 00:30 |
15 Sep 01:30 |
18 Aug 01:30 |
19 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
