We expect EURUSD to trend upwards later today. Based on these past Japan Unemployment Rate news events there is a 75% chance of this. We expect this to happen if the released value is = 3%. A price movement of 174 pips is expected.

Historical events that allowed us to draw this conclusion

01 Dec 10:30	02 Oct 09:30
28 Apr 09:30

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