Based on the last 12 Unemployment Rate events in Japan, we expect NIY to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NIY to trend downwards 12 hours following the event release at 30 Jul 23:30 if the released value is > 3.1%. A price movement of 28,750 pips is expected.
Historical events that allowed us to draw this conclusion
29 Jun 23:30 |
27 Feb 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
