We expect USDJPY to trend upwards for the next 4 hours. Based on these past United States ISM Non-Manufacturing PMI news events there is a 85.71% chance of this. We expect this to happen because the released value is > 55.1. A price movement of 39 pips is expected.
Historical events that allowed us to draw this conclusion
03 Aug 14:00 |
06 Jul 14:00 |
03 Feb 15:00 |
03 Dec 15:00 |
03 Nov 14:00 |
05 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
