Based on the last 12 Unemployment Rate events in Australia, we expect USDJPY to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 18 Jul 01:30 if the released value is = 5.2%. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
21 Feb 00:30 |
13 Sep 01:30 |
19 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
