Based on the last 12 Unemployment Rate events in Japan, we expect SM to trend upwards. Based on these past events there is a 75% chance of this. We expect SM to trend upwards for 12 hours because the released value is < 2.4%. A price movement of 200 pips is expected. Historical events that allowed us to draw this conclusion
29 Jul 23:30 |
28 Mar 23:30 |
29 Oct 23:30 |
27 Sep 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
