Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect USDJPY to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect USDJPY to trend upwards 2 hours following the event release at 03 Oct 14:00 if the released value is < 55. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
05 Aug 14:00 |
03 Jul 14:00 |
03 Apr 14:00 |
05 Feb 15:00 |
07 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
