Based on the last 12 Unemployment Rate events in Japan, we expect a 2,200 pip movement on YM within 2 hours following the event release at 31 Jan 23:30 UTC. We expect YM to trend downwards 2 hours following the event release at 31 Jan 23:30 UTC if the released value is > 2.8%

Historical events that allowed us to draw this conclusion

27 Dec 23:30

28 Jun 23:30