USDJPY may trend downwards from 13 Aug 15:30

We expect USDJPY to trend downwards later today. Based on these past France Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen if the released value is < 7.9%. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

16 Feb 17:30
14 May 15:30
13 Feb 17:30
14 Aug 15:30
16 May 15:30
20 Nov 17:30

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