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Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $179.4 movement on USDJPY within 2 hours following the event release at 02 Jul 00:00. We expect USDJPY to trend downwards 2 hours following the event release at 02 Jul 00:00 if the released value is > 61
Historical events that allowed us to draw this conclusion
02 Jun 00:00 |
02 Apr 01:00 |
06 Jan 02:00 |
03 Nov 02:00 |
02 Sep 00:00 |
04 Aug 00:00 |
02 Jul 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).