Based on the last 12 Unemployment Rate events in United Kingdom, 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 12 Apr 16:00 if the released value is = 3.8%. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

15 Feb 18:00	14 Dec 18:00
12 Oct 17:00	15 Jun 16:00

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