Based on the last 12 Unemployment Change events in Germany, we expect a 66 pip movement on USDJPY within 48 hours following the event release at 04 Jan 19:55 GMT+11. We expect USDJPY to trend upwards 48 hours following the event release at 04 Jan 19:55 GMT+11 if the released value is > -15K

Historical events that allowed us to draw this conclusion

29 Apr 17:55

02 Mar 19:55

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