Based on the last 12 Unemployment Rate events in Japan, we expect a 23 pip movement on USDJPY within 2 hours following the event release at 29 Oct 23:30 UTC. We expect USDJPY to trend downwards 2 hours following the event release at 29 Oct 23:30 UTC if the released value is > 3.1%

Historical events that allowed us to draw this conclusion

27 Feb 23:30

31 Oct 23:30