Based on the last 12 ISM Manufacturing PMI events in United States, we expect USDJPY to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 2023-02-01 15:00 if the released value is < 48. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
01 Dec 15:00 |
03 Oct 14:00 |
01 Jul 14:00 |
01 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
