This Thursday at 8:30am EST the US government will release their latest Jobless Claims number. If the number is greater than the economist consensus there is a 83.3% probability that USD/JPY will trend higher for 4 hours following the news event.

This probability is based on the last 12 Jobless Claims events, in which 5 of the last 6 events where the actual number was greater than the economist consensus resulted in devaluation of the YEN. Here are images of the past events:

USDJPYJoblessClaims22Dec2016

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Disclaimer: Past performance may not be indicative of future performance

 

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