Based on the last 12 NAB Business Confidence events in Australia, we may expect USDJPY to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because because the released value is < -1. A price movement of 21 pips may be experienced. Historical events that allowed us to draw this conclusion
13 Jun 01:30 |
08 May 01:30 |
24 Jan 00:30 |
13 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
