Based on the last 12 Unemployment Rate events in Japan, we expect USDJPY to trend upwards. Based on these past events there is a 75% chance of this. We expect USDJPY to trend upwards for 4 hours because the released value is = 3.1%. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

02 Oct 09:30	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”).