Based on the last 12 Unemployment Rate events in Euro Area, we expect USDJPY to trend upwards. Based on these past events there is a 83.33% chance of this. We expect USDJPY to trend upwards for 12 hours because the released value is < 7.9%. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion

01 Jul 19:00	30 Apr 19:00
04 Mar 21:00	08 Jan 21:00
01 Sep 19:00

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