We expect USDJPY to trend upwards later today. Based on these past United States Continuing Jobless Claims news events there is a 66.67% chance of this. We expect this to happen if the released value is > 1311K. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

11 Mar 00:30	11 Feb 00:30
04 Feb 00:30	28 Jan 00:30

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