We expect USDJPY to trend downwards for the next 12 hours. Based on these past France Unemployment Rate news events there is a 75% chance of this. We expect this to happen because the released value is > 7.3%. A price movement of 72 pips is expected.

Historical events that allowed us to draw this conclusion

19 Nov 17:30	13 Aug 15:30
14 Nov 17:30

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