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What to trade around the JP Unemployment Rate news event

What to trade around the JP Unemployment Rate news event

Based on the last 12 Unemployment Rate events in JP, we expect USDCAD to trend up right now. Based on these past events there is a 80.0% of this.
We expect USDCAD to trend up for the next 4 hours because the released value is > 2.4%. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

27 Dec 23:30
 
29 Nov 23:30
 
30 Aug 23:30
 
30 Jul 23:30
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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