Based on the last 12 Unemployment Rate events in Japan, we expect a 69 pip movement on USDJPY within 4 hours following the event release at 2023-03-31 10:30. We expect USDJPY to trend downwards 4 hours following the event release at 2023-03-31 10:30 if the released value is > 2.4%

Historical events that allowed us to draw this conclusion

29 Nov 10:30	29 Jul 09:30
01 Jul 09:30

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