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 75% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 02 Jun 00:00 if the released value is < 43. A price movement of 95 pips is expected. Historical events that allowed us to draw this conclusion

04 Jan 02:00	03 Dec 02:00
02 Oct 00:00	04 Sep 00:00
02 Aug 00:00	04 Jun 00:00

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