What to trade around Canada Employment Change news event

Past performance is not an indicator of future results.
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 66.67% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 05 Apr 13:30 if the released value is < 1K. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

07 Sep 13:30

11 May 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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