Based on the last 12 Unemployment Rate events in Japan, NIY could trend downwards later today. Based on these past events there is a 75% chance of this. If the released value is > 2.6% we could see NIY trend downwards 4 hours following the event release at 30 May 23:30.
Historical events that allowed us to draw this conclusion
03 Mar 23:30 |
27 Dec 23:30 |
28 Jun 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
