We expect USDJPY to trend upwards later today. Based on these past Euro Area Unemployment Rate news events there is a 83.33% chance of this. We expect this to happen if the released value is < 6.9%. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion

01 Feb 21:00	30 Jul 19:00
01 Jul 19:00	30 Apr 19:00
04 Mar 21:00

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