Based on the last 12 Unemployment Rate events in Japan, we expect YM to trend downwards later today. Based on these past events there is a 75% chance of this. We expect YM to trend downwards 12 hours following the event release at 30 Nov 23:30 if the released value is = 3.1%. A price movement of 37,600 pips is expected.
Historical events that allowed us to draw this conclusion
01 Oct 23:30 |
30 Mar 23:30 |
28 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
