Based on the last 12 Unemployment Rate events in Japan, we expect a 85 pip movement on UB for the next 4 hours. We expect UB to trend upwards for 4 hours because the released value is < 2.9% Historical events that allowed us to draw this conclusion
01 Mar 23:30 |
28 Jan 23:30 |
29 Oct 23:30 |
31 Aug 23:30 |
30 Jul 23:30 |
28 May 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
