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We expect CC to trend downwards today.

Based on the last 12 Unemployment Rate events in Japan, we expect CC to trend downwards later today. Based on these past events there is a 87.5% chance of this. We expect CC to trend downwards 48 hours following the event release at 29 Apr 23:30 if the released value is < 2.9%. A price movement of 12,300 pips is expected. Historical events that allowed us to draw this conclusion

29 Mar 23:30
01 Mar 23:30
28 Jan 23:30
24 Dec 23:30
29 Oct 23:30
31 Aug 23:30
28 May 23:30

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

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