Japan Unemployment Rate News Event – a possible $120 movement on EURUSD

Based on the last 12 Unemployment Rate events in Japan, we expect a $120 movement on EURUSD within 2 hours following the event release at 24 Dec 23:30. We expect EURUSD to trend upwards 2 hours following the event release at 24 Dec 23:30 if the released value is < 3.1% Historical events that allowed us to draw this conclusion

31 Aug 23:30
30 Jul 23:30
28 May 23:30
26 Dec 23:30