What to trade around the CA Unemployment Rate news event
Based on the last 12 Unemployment Rate events in CA, we expect USDJPY to trend down later today. Based on these past events there is a 75.0% of this.
We expect USDJPY to trend down 2 hours following the event release at 07 Dec 13:30 if the released value is = 5.8%. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
|05 Oct 12:30
|08 Jun 12:30
|06 Apr 12:30
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)