We expect a 19,700 pip movement on YM within 12 hours following the event release.

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”).

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