Based on the last 12 Employment Change events in Canada, we expect USDJPY to trend downwards later today. Based on these past events there is a 90% chance of this. We expect USDJPY to trend downwards 2 hours following the event release at 05 Jul 12:30 if the released value is > 10K. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
07 Jun 12:30 |
10 May 12:30 |
08 Mar 13:30 |
08 Feb 13:30 |
07 Dec 13:30 |
02 Nov 12:30 |
05 Oct 12:30 |
10 Aug 12:30 |
06 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
