Based on the last 12 ISM Manufacturing PMI events in United States, we expect USDJPY to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect USDJPY to trend downwards 12 hours following the event release at 2023-02-02 02:00 if the released value is < 48. A price movement of 64 pips is expected. Historical events that allowed us to draw this conclusion

02 Dec 02:00	04 Oct 01:00
02 Jul 00:00	03 May 00:00
02 Apr 01:00

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