We expect CL to trend upwards later today. Based on these past Japan Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is > 2.5%. A price movement of 184 pips is expected.
Historical events that allowed us to draw this conclusion
28 Jul 23:30 |
30 Jun 23:30 |
03 Mar 23:30 |
27 Dec 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
