We expect a 62 pip movement on USDJPY within 4 hours following the event release.

Based on the last 12 Unemployment Rate events in Germany, we expect a 62 pip movement on USDJPY within 4 hours following the event release at 2023-04-28 07:55. We expect USDJPY to trend upwards 4 hours following the event release at 2023-04-28 07:55 if the released value is = 5.6%

Historical events that allowed us to draw this conclusion

31 Jan 08:55

30 Sep 07:55

31 Aug 07:55

29 Jul 07:55

31 May 07:55

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