Based on the last 12 Ivey PMI s.a events in Canada, we expect a $281.17 movement on USDJPY within 4 hours following the event release at 09 Sep 00:00. We expect USDJPY to trend downwards 4 hours following the event release at 09 Sep 00:00 if the released value is > 56

Historical events that allowed us to draw this conclusion

08 Jul 00:00	08 Apr 00:00
06 Feb 02:00	07 Nov 02:00

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