Based on the last 12 Unemployment Rate events in Japan, we expect GI to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GI to trend downwards 48 hours following the event release at 27 Feb 23:30 if the released value is > 2.2%. A price movement of 1,175 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
