Trade with an edge around todays Japan Unemployment Rate news event

Based on past Japan Unemployment Rate news events there is a 66.67% chance of USDJPY trending downwards. We expect this to happen if the released value is > 2.3%. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

31 Aug 00:30
29 Jan 23:30

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