Based on the last 12 Unemployment Rate events in Germany, we expect a $468 movement on USDJPY within 2 hours following the event release at 2022-09-30 17:55. We expect USDJPY to trend upwards 2 hours following the event release at 2022-09-30 17:55 if the released value is = 5.5%

Historical events that allowed us to draw this conclusion

31 Aug 17:55	29 Jul 17:55
31 May 17:55	31 Mar 18:55
30 Nov 19:55

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