Based on the last 12 Unemployment Rate events in Japan, we expect a 46 pip movement on NZDUSD within 4 hours following the event release at 2023-04-27 23:30. We expect NZDUSD to trend upwards 4 hours following the event release at 2023-04-27 23:30 if the released value is > 2.5%
Historical events that allowed us to draw this conclusion
30 Mar 23:30 |
28 Nov 23:30 |
27 Oct 23:30 |
28 Jul 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
