Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $337.4 movement on USDJPY within the next 4 hours. We expect USDJPY to trend upwards for 4 hours because the released value is > 56.5

Historical events that allowed us to draw this conclusion

23 Oct 18:30	23 Sep 17:30
21 Aug 17:30	24 Jul 17:30
24 Mar 19:30	21 Feb 19:30
24 Jan 19:30

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