Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 146 pip movement on USDJPY within 12 hours following the event release at 2023-05-03 14:00. We expect USDJPY to trend upwards 12 hours following the event release at 2023-05-03 14:00 if the released value is > 51.8
Historical events that allowed us to draw this conclusion
03 Feb 15:00 |
05 Dec 15:00 |
05 Oct 14:00 |
06 Sep 14:00 |
06 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
