Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 48 pip movement on USDJPY within 2 hours following the event release at 06 Jan 15:00 UTC. We expect USDJPY to trend upwards 2 hours following the event release at 06 Jan 15:00 UTC if the released value is > 66.9

Historical events that allowed us to draw this conclusion

03 Nov 14:00

05 Oct 14:00

04 Aug 14:00

03 Jun 14:00

03 Feb 15:00

07 Jan 15:00