Based on past United States ISM Manufacturing PMI news events there is a 66.67% chance of USDJPY trending upwards. We expect this to happen if the released value is > 45. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

02 Jul 00:00

02 Apr 01:00

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