Based on the last 12 Unemployment Rate events in Euro Area, we expect USDJPY to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 01 Feb 21:00 if the released value is < 7.1%. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

30 Jul 19:00	01 Jun 19:00
30 Apr 19:00	04 Mar 21:00

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