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We expect USDJPY to trend upwards today with a 71.43% chance.

Based on the last 12 Continuing Jobless Claims events in United States, we expect USDJPY to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend upwards 4 hours following the event release at 03 Feb 13:30 if the released value is > 1620K. A price movement of 66 pips is expected.

Historical events that allowed us to draw this conclusion

27 Jan 13:30
23 Dec 13:30
09 Dec 13:30
24 Nov 13:30
10 Nov 13:30

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

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