We expect a $196 movement on USDJPY within 2 hours following the release of Unemployment Rate at 2023-01-31 10:30. We expect USDJPY to trend upwards 2 hours following the event release at 2023-01-31 10:30 if the released value is = 2.5%. A price movement of 26 pips is expected.

Historical events that allowed us to draw this conclusion

27 Dec 10:30

30 Sep 09:30

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