We expect NIY to trend upwards later today. Based on these past Japan Unemployment Rate news events there is a 83.33% chance of this. We expect this to happen if the released value is < 2.8%. A price movement of 6,250 pips is expected. Historical events that allowed us to draw this conclusion
28 May 23:30 |
30 Jan 23:30 |
30 Sep 23:30 |
29 Aug 23:30 |
29 Jul 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
