ISM Manufacturing PMI

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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 80% chance of this. We expect USDJPY to trend downwards 4 hours following the event release at 2022-12-01 15:00 if the released value is < 49.8. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

03 Oct 14:00
01 Jul 14:00
01 Apr 14:00
04 Jan 15:00

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