Based on the last 12 Unemployment Rate events in Japan, we expect a 61 pip movement on CL within 4 hours following the event release at 29 Nov 23:30 UTC. We expect CL to trend downwards 4 hours following the event release at 29 Nov 23:30 UTC if the released value is < 2.8% Historical events that allowed us to draw this conclusion
30 Sep 23:30 |
30 Aug 23:30 |
29 Jul 23:30 |
29 Apr 23:30 |
29 Mar 23:30 |
01 Mar 23:30 |
24 Dec 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
