Based on the last 12 Unemployment Rate events in Japan, we expect a 19,700 pip movement on YM within 12 hours following the event release at 27 Apr 23:30 UTC. We expect YM to trend downwards 12 hours following the event release at 27 Apr 23:30 UTC if the released value is = 2.5%
Historical events that allowed us to draw this conclusion
30 Mar 23:30 |
28 Nov 23:30 |
30 May 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
