Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $97.68 movement on USDJPY within the next 4 hours. We expect USDJPY to trend downwards for 4 hours because the released value is < 58.4 Historical events that allowed us to draw this conclusion
03 Mar 15:00 |
06 Jul 14:00 |
05 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
