Based on the last 12 Continuing Jobless Claims events in United States, we expect USDJPY to trend downwards. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend downwards for 4 hours because the released value is > 1720K. A price movement of 25 pips is expected.

Historical events that allowed us to draw this conclusion

03 Jan 00:30	20 Dec 00:30
06 Dec 00:30	22 Nov 00:30

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