We expect USDJPY to trend downwards later today. Based on these past United States Adp Employment Change news events there is a 75% chance of this. We expect this to happen if the released value is > 550K. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

04 Feb 00:15	30 Sep 22:15
01 Apr 23:15

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