Based on the last 12 Ivey PMI s.a events in Canada, we expect USDJPY to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDJPY to trend upwards 2 hours following the event release at 2023-03-06 15:00 if the released value is < 55.9. A price movement of 34 pips is expected. Historical events that allowed us to draw this conclusion
04 Nov 14:00 |
05 Aug 14:00 |
07 Jul 14:00 |
06 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
