Based on the last 12 Unemployment Rate events in Japan, we expect SB to trend upwards later today. Based on these past events there is a 80% chance of this. We expect SB to trend upwards 12 hours following the event release at 28 May 23:30 if the released value is = 2.7%. A price movement of 33 pips is expected.
Historical events that allowed us to draw this conclusion
27 Apr 23:30 |
30 Mar 23:30 |
28 Nov 23:30 |
27 Jun 23:30 |
30 May 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
