Based on the last 12 Ivey PMI s.a events in Canada, we expect USDJPY to trend downwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is < 70 Historical events that allowed us to draw this conclusion

05 Jun 00:00	08 May 00:00
08 Dec 02:00	08 Oct 01:00
05 Sep 00:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).