Based on the last 12 Unemployment Rate events in Japan, we expect NIY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NIY to trend upwards 48 hours following the event release at 01 Oct 23:30 if the released value is < 3%. A price movement of 80,750 pips is expected. Historical events that allowed us to draw this conclusion
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”).
