Based on the last 12 Unemployment Rate events in Canada, 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 2 hours following the event release at 2023-02-10 13:30 if the released value is < 5.1%. A price movement of 154 pips is expected. Historical events that allowed us to draw this conclusion
02 Dec 13:30 |
07 Oct 12:30 |
05 Aug 12:30 |
08 Jul 12:30 |
10 Jun 12:30 |
11 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
