Based on the last 12 Adp Employment Change events in United States, we expect a 30 pip movement on USDJPY within 2 hours following the event release at 2022-11-02 23:15. We expect USDJPY to trend upwards 2 hours following the event release at 2022-11-02 23:15 if the released value is > 195K

Historical events that allowed us to draw this conclusion

05 Oct 23:15	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”).