Based on the last 12 Continuing Jobless Claims events in United States, we expect USDJPY to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 12 Mar 23:30 if the released value is < 1723K. A price movement of 35 pips is expected. Historical events that allowed us to draw this conclusion

06 Mar 00:30	14 Feb 00:30
31 Jan 00:30	24 Jan 00:30

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