Based on the last 12 Unemployment Rate events in Japan, we expect USDJPY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 01 Sep 09:30 if the released value is = 3%. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

28 Apr 09:30
31 Mar 10:30

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