Based on the last 12 ISM Manufacturing PMI events in United States, 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 48 hours following the event release at 2025-01-03 15:00 if the released value is > 48.4. A price movement of 213 pips is expected.
Historical events that allowed us to draw this conclusion
02 Dec 15:00 |
01 Apr 14:00 |
01 Feb 15:00 |
03 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
