We expect USDJPY to trend upwards for the next 2 hours. Based on these past United States Adp Employment Change news events there is a 71.43% chance of this. We expect this to happen because the released value is > 200K. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

31 Aug 22:15	30 Mar 23:15
03 Mar 00:15	06 Jan 00:15
02 Dec 00:15

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